GOLD SHORT TO $2,540 (1H UPDATE)
Gold has peaked at its Wave 3 low, which I can tell by the slow down in bearish momentum. This was my sign to go long in the short term & buy Wave 4, giving sellers a much needed break.
I have been holding a buy since yesterday, HEDGED against my main sell position from $2,738. Looking for some form of 3 Sub-Wave correction for major Wave 4. Potential target zone around $2,625 - $2,640.
I have been holding a buy since yesterday, HEDGED against my main sell position from $2,738. Looking for some form of 3 Sub-Wave correction for major Wave 4. Potential target zone around $2,625 - $2,640.
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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.