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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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.