Gold update - TF 4 hr Price is possibility rebound wave 2
Now I bias short position because fundamental bias down trend more than uptrend.
Because Nonfarm payroll is very good.
I think Price rebound to be wave 2
Short price 1248-1253 (Fibo 0.5-0.618)
Stop loss when price break high around 1265
If I assume right price continually down to wave 3
1st target price 1317 (Fibo extension 1.618)
2nd target price 1297 (Fibo extension 1297)
And last wave 5 maybe finish wave at price is 1277 or 1265
Thank you
Because Nonfarm payroll is very good.
I think Price rebound to be wave 2
Short price 1248-1253 (Fibo 0.5-0.618)
Stop loss when price break high around 1265
If I assume right price continually down to wave 3
1st target price 1317 (Fibo extension 1.618)
2nd target price 1297 (Fibo extension 1297)
And last wave 5 maybe finish wave at price is 1277 or 1265
Thank you
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