JohnLiv

Long term view on gold

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JohnLiv Uppdaterad   
OANDA:XAUUSD   Guld / USA-dollar
This is my long term view on gold going to March-april 2020, a continuation on my previous charts
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If you zoom in, you will notice the trend has followed my idea, should be a few days for the big push North
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The yellow metal very much followed the base of the third fractal and selected the path of the right channel, to allow for this I cannot see 1835 as a reliable target anymore, to allow for the December movement this idea would now produce a more reliable target of 1765, that being said I believe we will see the formation of a new downward wedge similar to fractal 1 producing a break above 1850
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