XAUUSD: Correction might be over...

Por IvanLabrie
Actualizado
On Friday I bought back into #Gold positions after a long time without having any exposure to the precious metal. Me and my clients entered here:
'Let's buy an #XAUUSD long position here, stop loss @ 1417', this tweet was sent when price was 1454.58, 10:48am UTC-3 at the time.
twitter.com/LabrieIvan/status/1200411155434557441

If I'm not mistaken the bimonthly trend signal active in XAUUSD might still be able to propel prices higher from here. I may add some exposure on retrace on Monday, there's a daily signal that might justify adding. I added some more when the 4H timeframe flashed a short term trend signal as well, which happened near 1460 during Friday.

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Cheers,

Ivan Labrie.
Comentarios
Targets for daily #XAUUSD are on chart imagen IF this signal is not invalidated, we can rally towards either of the 3 targets by Dec 13th or sooner
Comentarios
#XAUUSD posted a weekly Range Expansion move so far, if it stays over this week's open, there's a chance we're about to see a big rally in metals, similar to the one that started in late May: imagen Stocks went sideways in that period, not down. Good to keep in mind...
Operación cerrada: precio stop alcanzado
imagen

Stop hit
Comentarios
Another signal triggered, a weekly trend:

imagen

Targets on chart. Maybe XAUUSD rallies with stocks for a while here, or while stocks consolidate sideways for 13 weeks. I'm net long equities still but shorted a few overvalued stocks, and bought both #Gold and #Silver positions to reduce risk.
Operación activa
Operación cerrada manualmente
Precious metals are done.
Beyond Technical AnalysisChart PatternsForexfxGoldkeyhiddenlevelslabrietradingltradingtimeatmodeTrend AnalysisXAUUSD
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