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Gold - Catch the Ride Up

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Emas Semerta / Dolar A.S. (OANDA:XAUUSD)  
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OANDA:XAUUSD   Emas Semerta / Dolar A.S.
Technical Indicators Wave Analysis Trend Analysis xauusdlong XAUUSD HGU
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indicator waveanalysis trendanalysis xauusdlong xauusd hgu
Gold has been going through a corrective consolidation since it's run up to the 2000s which is normal.

We are close to the bottom of the corrective channel, this is a good buying opportunity.

Long position opened, Stops set at the bottom of the corrective channel.
Komen:
We hit our strong support and we broke out of the downward hourly trend.
Expect this bounce up to continue.

snapshot
Komen:
By now if you are following this trade, you have taken profits from hitting the first target.
Komen:
Closing out 80% of the rest of my position here and leaving the remaining 20% in position with a stop at 1753 (for profit).

This was a winning trade with great entry point extremely good risk/reward ratio.
Penafian

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