XAUUSD a little more down and a bigger move up
Updated
Gold is retracing back to a strong area of support which coincides with the .618. I would not be afraid to take a long position here. If we get a fast move up we could either be finishing the A-B-C or perhaps we have a 5 wave structure.
A shallow move away or a break below the trend line could indicate a much bigger correction.
The MACD and Awesome Oscillator are very similar. The AO is slightly more reactive which will give you more crossovers but also a little more lead time to get into trades.
A shallow move away or a break below the trend line could indicate a much bigger correction.
The MACD and Awesome Oscillator are very similar. The AO is slightly more reactive which will give you more crossovers but also a little more lead time to get into trades.
Note
Picture perfect trade with 180 views and 2 likes. I have seen top traders get 100 likes on a trade after they stop out lol. No worries lets see what tomorrow brings us for trades.
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