XAU USD LONG ON GOLD!
This looks as good as gold. On the daily we have a nice crossover on the RSI Stoch while it was in "oversold" territory. A beautiful rejection from the daily support. A clean break and even retest from the clouds. We have a valid ABCD pattern and a promising 5 wave elliot that seem to reach the same potential price for gold. Will buy now before a breakout and hold.
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.