Taking a long entry here as XAUUSD setup looks very similar to last year. May weakness followed by extreme strength through June/July timeframe. Target is $1325 up to the current bull high of $1375. May hit $1380 to trigger buy stops before correcting again for the Summertime. Exciting times...
Note
So far so good...Note
see below..Trade closed: target reached
Exiting Long now.. Gold has lost steam and momentum is starting to wane. Wavetrend just went to SELL as well. Looks like a coming decline in gold for June into late-June/early-July timeframe. Gold stocks also leading gold down now as well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.