Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet.
I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
Trade active
I am currently short on Gold & targeting $2,560 as TP1.
Trade closed: target reached
TP1 for Wave V has been hit if you look at the arrow. Let's see if TP2 towards $2,620 gets hit tomorrow or price drops from here. Then we can start looking for sell positions, as according to my refined EW strategy.
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