Taking a long entry here as XAUUSD setup looks very similar to last year. May weakness followed by extreme strength through June/July timeframe. Target is $1325 up to the current bull high of $1375. May hit $1380 to trigger buy stops before correcting again for the Summertime. Exciting times...
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So far so good...
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see below..
İşlem kapandı: hedefe ulaştı
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Exiting Long now.. Gold has lost steam and momentum is starting to wane. Wavetrend just went to SELL as well. Looks like a coming decline in gold for June into late-June/early-July timeframe. Gold stocks also leading gold down now as well.
Stiff resistance so far at the $1260 zone. Putting in stop to lock in some gains at just under $1245. Any stronger push higher may need to come from lower levels first. We shall see..