traderpulse

GOLD Wave analysis

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OANDA:XAUUSD   Ouro/Dólar Americano
We have been a visionary in the bullion counter so far in 2019.
Two predictions - one from the lows to form a parabolic move and then recently we suggested that the down move of late is not a head and shoulder pattern.
The market proved us correct by holding the trendline and breaking the neckline.
As suggested by us earlier, the down move is the wave 4 of a long term bull rally.
Now, the wave 5 move has commenced and we expect the bullion metal to head north from here.

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