Gold BEARS ARE ON in 15 minute chart AND Bear Trap is ALSO SET
Gold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal, please adjust your trade accordingly.
After gold has completed the last leg of the ending diagonal (Wave Y at higher degree )of a higher degree combination correction, the price will jump up , be ware of tomorrow's bear trap, but don't be in rush to take small profits. Happy trading , keep money management in mind.
Thanks
After gold has completed the last leg of the ending diagonal (Wave Y at higher degree )of a higher degree combination correction, the price will jump up , be ware of tomorrow's bear trap, but don't be in rush to take small profits. Happy trading , keep money management in mind.
Thanks
Note
the 4th wave triangle might actually widen a little more , but don't worry the waves are amazingly clear , so the 15 minute time frame trend is bearish..good luckNote
I am now expecting test of 1184, just be a little careful we might see sharp reversalNote
Since DXY US Dollar index has not moved much yet and it needs to go to in deeper correction, I am re thinking my target zone and wave labeling, the gold market stays bearishTrade closed manually
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