Gold Hourly Wave Analysis (New Draft)

Price is making the last move towards all time high and this move will complete the major 3rd wave.

My target is 2494-2510, which can be new ATH.

Note

If price breaks the 61.80% then this move will be the 1st wave of 5th wave.

Then we will look for long opportunity.

Note

This is our 1st wave so these blue fibo is our buying zone

A strong rejection with a bullish candle will open our long position.

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NEW ATH TODAY????

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Minimum target hit

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Don't expect much ...

Be ready for anytime vertical drop but before that price will make another ATH

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According to daily chart

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According to hourly chart

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IF YOU SEE REJECTION FROM THESE FIBO LEVEL, OPEN YOUR LONG POSITION

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Wait for the trendline to break

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SO FAR SO GOOD.

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BROKEN

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MINIMUM TARGET HIT

WHAT ELSE DO YOU WANT?

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IF THIS IS CORRECT ..

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If you get a strong rejection from any of these fibo level then open your long position and minimum target of profit is mentioned.

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If this trend line is broken we will go for long position

Note

mamnunamalik

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mamnunamalik

Also on:

Related publications

Gold Daily Wave Analysis (New Draft)

by mamnunamalik