Gold's Shorts (XD)
Updated
Gold could possibly be in a WXY correction.
This could be a potential short at the 61.8% retracement of wave a of Wave Y. Once the market comes at that level I will be looking for price action confirmation. If price action rejects nicely and we dont see break of market structure to the upside. I will be looking to sell.
#ElliotWaveTheoryRocks
This could be a potential short at the 61.8% retracement of wave a of Wave Y. Once the market comes at that level I will be looking for price action confirmation. If price action rejects nicely and we dont see break of market structure to the upside. I will be looking to sell.
#ElliotWaveTheoryRocks
Order cancelled
After we that huge price action spike. Trade has been cancelled. No loss. Risk management is key. I believe the market will go down after a solid rejection. I will monitor the charts closely.
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