GOLD - Wave A formed, let's catch that B wave
5 impulse wave formed. A correction wave is probably formed, lets catch that B wave. Here is my setup. R:R is 2.41.
It think it have strength to go to the golden pocket.
Golden pocket is between 0.618 - 0.65 Fib.
I think there it will found resistance. If yes, then i think my theory is correct and that will be B wave, and expecting downtrend to golden pocket in macro level ~1242$, to finish that C wave.
If you like my analysis please hit that like and follow button. Thanks!
It think it have strength to go to the golden pocket.
Golden pocket is between 0.618 - 0.65 Fib.
I think there it will found resistance. If yes, then i think my theory is correct and that will be B wave, and expecting downtrend to golden pocket in macro level ~1242$, to finish that C wave.
If you like my analysis please hit that like and follow button. Thanks!
Trade active
It's going to reach target soon, be ready to take profit at golden pocket!Trade closed: target reached
Ok guys, target almost reached, if you want to know what is my next trade on Gold check my last chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.