GOLD-BUY
LONG TERM GOLD!!!! THOUSANDS TO BE MADE!!!!!!!Pattern repeat itself 1980s peak is equivalent to 2012 . Bottom of the trend from 1982 was repeated in 2015 .
A = A, C = C etc.In the next few months, we will see sidewards then downturn movement . A bull market for gold will begin around 2020/1.
If the scenario will repeat itself, XAUUSD will jump up to around $7-8k.
Gold on watch for massive move.I've been watching gold since 1280. It was either going to continue down to 1225, or break out to 1350. (I know, I know, the classic "it could go up OR down".) However, if gold breaks out, gold ETFs could rally big, which means large positions and safe moves (XGD, in Canada, has already broken out from $12.50 and could easily hit $16.00. Also confirmed by a very bullish Ichimoku signal and a golden cross moving average cross over). Wait until the weekly candle closes above 1360 to confirm a breakout to 1600. Be careful, as it could bounce off the reverse head and shoulders neckline and come back down to $1320, but at that point if would be a decent play (risk reward is good).
To me, this correlates with the sentiment of uncertainty in the market.
Gold Buy IdeaD1 - Price broke above the downtrend line and is holding above it.
H4 - Price has created higher highs, we may now look for pullbacks and buys with bullish evidences.
H1 - We have bullish hidden divergence, we may now look for more evidences of bullish pressure in order to join the bulls.