Gold expecting sideways to bullish movement (Elliott Wave)
Updated
4H : Wave 4 is either complete or is still continuing as an Expanded Flat.
Strategy : In either case from short term perspective we should be to looking for longs. Buying near the low of previous Wave 4 with SL a little below Wave .i/.a high would be ideal if the market permits the same.
Strategy : In either case from short term perspective we should be to looking for longs. Buying near the low of previous Wave 4 with SL a little below Wave .i/.a high would be ideal if the market permits the same.
Note
Gold : 4H : Expected progression : Note
1H : So far following the arrows, currently seems to be in Impulsive up move for W.5 Cir. : Note
Gold : 15 min. : Possible Triangle formation can lead to upside move : Note
1H : Updated : Note
Gold : 1H : Wave 4 looks to be continuing as a Triangle formation, even if the same is already complete near the marked Wave .a the next leg is to expected on the upside. Strategy : Hence in either case we look to trade the upside in this market looking for targets higher of 1243+ and SL below 1224.
Note
Gold 4H : Possible w-x-y : Looks like a Double ZZ correction to the upside rather then an Impulse, as such there is no further sign for longs here, wait and watch for now : 
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Author : Think with the Markets
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Author : Think with the Markets
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