XAUUSD LONG OPPORTUNITY FOR 5-8 Weeks Period

XAUUSD LONG OPPORTUNITY FOR 5-8 Weeks Period

Gold/U.S. Dollar FX:XAUUSD


Several points we need to pay attention:
1. There is no important data release this week.
2. Federal will raise interest rate on Jun.15.2018.
3. The price of the Gold/USD has reached the Floor at 1288.531 level.
4. See the W1 Candlesticks and it is pretty obviouse reach the boundary of the triangle.

So, that is the opportunity for us to catch the trend;
1. If the real trend breaks down the lower resistance, then we should drop from the 1288 level and see what will happen next step.
2. If the weekly candlestick complete with a long lower shadow line, after we make sure the reversal signal appears, we should join the market ASAP             .