Gold has almost completed a minor wave v of the the corrective wave C of the larger main corrective wave 2.
With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
#elliotwaveforecast
marketpainterPH
With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
#elliotwaveforecast
marketpainterPH
Trade active
Gold has been trading nicely from our published long trade analysis. To reduce risk, we can now move our stop from our entry point.#elliotwaveforecast
marketpainterPH
Update of the chart is here:
Note
Here's the progress for our long trade idea for #GOLD #XAUUSDPrice may completed its minor impulsive wave (iii) 15-19$ from current level or the 2.5 - 2.618 fibonacci extension levels. respectively.
Chart is well presented below for reference.
#elliotwaveforecast
marketpainterPH
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Related publications
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.