Gold may be correcting instead GOLD has infact corrected and going downward now in Elkiot ABC formation
GOLD/AUD
XAUAUD SELL 1758/60 TG OPEN SL 1766 XAUAUD SELL 1758/60 TG OPEN SL 1766
MORE INFO PM ME ........
DEMO CALL NO CHARTING EXPLAIN .....
Bullish on XAUAUDClassic Accumulation pattern showed by ADX, no Entry sign yet however given risk reward it looks good.
This should a couple of days to hit Target One, May be few more weeks to target 3.
Use trailing stop and adjust your stop loss as we move across Fib Targets
XAUAUD AB=CD complete on weekly chartXauaud (gold aud) AB=CD completes at the extreme range of a weekly Paralell channel and at a weekly support zone.
With the last candle closed for the week showing strong reversal, I am seeing Xauaud to be a good buy position.
