bhowe

XAUUSD-GOLD

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FX:XAUUSD   Ouro/Dólar Americano
XAUUSD, or GOLD, looks to be forming a very odd pattern. Similar pattern was formed in July of 2013. This pattern follows the RSI up a ascending path (represented by the blue line). IF, the pattern continues up the path then we could see a very strong move. Probably at least to the 200ma, if not a break thru. The red circles were my previous sell points. Systematically I wouldn't buy until we reach 10 on the RSI. If you are already in the trade you may get some some serious gains. I expect one more move down to the blue trend line on the RSI. This will be the line in the sand that will determine the long term move.

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