XAU/USD Long Term Idea

١٧ مايو ٢٠١٧

Ultra long-term play on Gold. It appears that price has broken the immediate trend line, even though I was expecting a longer push down and then a break. Regardless to get back in this trade, I will be waiting for a break and retest of the major (outer) trend line and then take a long until 1.272 extension. It is certainly still possible to get into short-term trades that align with the long-term outlook.