Gold Spot / U.S. Dollar

Gold XAUUSD Counter Trend Corrective Long within Longterm Short

By PortfolioBuildersClub

Updated

Could be a great example of a pattern within a pattern. Counter trend ABCD long within the corrective pattern. Then, expect continuation short to longterm 'D' point.

Note

I think this is the last pull back(1465) before short term continuation to 1480

Note

Can you feel the PRESSURE? Gold went up to 1478. Now, Retesting 1465! Will it take off again to hit 1480 or was 1478 it? Is the short term move done and now the long term target in play?

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