XAUUSD:1300 is possible for next step
Traders,
XAUUSD has surprised us since 13th Dec after finishing a five-wave trend down to round 1237(fibo 1.27 ).
It rise $50 since then.
Here you can see two red channel sharing the same support line, use this support line to find out two possible reflection point on
each channel.
Meaning 1288 is one possible price for gold to correct, the other one is 1301.
1301 could be touched after a correction from 1288.
All analysis need trading signal to confirm and always 50% to win.
This chart is not a signal to trade here.
Less is more!
Happy New Year!
XAUUSD has surprised us since 13th Dec after finishing a five-wave trend down to round 1237(fibo 1.27 ).
It rise $50 since then.
Here you can see two red channel sharing the same support line, use this support line to find out two possible reflection point on
each channel.
Meaning 1288 is one possible price for gold to correct, the other one is 1301.
1301 could be touched after a correction from 1288.
All analysis need trading signal to confirm and always 50% to win.
This chart is not a signal to trade here.
Less is more!
Happy New Year!
Komen:
Gold is getting close to the higher reflection point.
Komen:
gold hit the other red channel .
