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Gold Spot / U.S. Dollar

Gold EW waves and ABCD

By mytrade1602
Updated
Gold EW waves and ABCD
The key support position is 1244. If it has strong support. Gold will go to the D position(wave 3 of big EW, wave 5 of small EW).
Comment
Let's see if 1240 will hold or not for the bulls.
Comment
If the EW drawing is correct, I would expect a spike up around 1240.
Comment
If 1240 area cannot hold, it will be bearish and the next target is 1228.
Comment
1244 seems to be holding
Comment
1244 will not hold, need to check the support around 1240.
Order cancelled
1240 area is breached. Next target is 1228 area.
Comment
If closing above 1244, there is still a hope for the bull trend.
Trade active
Wahaha... Bull Trend confirmed.
Comment
1244 area will be re-tested for confirming the bull trend and for more bulls to join
Comment
Looks bearish to me.
Comment
If gold shoots up like yesterday, double bottom support would confirm the bullish trend.
Comment
good, long pin. And the gold bears have reached their target.
Trade closed manually
It's a bear trend. Target 1228.
Trade active
I don't know what to say, gold is full of surprise.
Comment
Let's see if close price can be 1244 or not. Still looks bearish.
Trade closed manually
Bull is done for now. Let's the support at 122x area.
mytrade1602

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