Does Gold doing wave C? part 2
Updated
According to the previous idea, After the price reached 138.2% of a, The price makes a reversal pattern on TF4H (plus MACD doing bullish divergence in TF1H), So I decide to enter the 1st Buy position. (For now moving SL in front of EP, Risk = 0), To enter the 2nd position, Waiting for the price action around the end of wave b (Continue pattern, plus bullish divergence in a smaller time frame like 15m to 1H or wait for a breakout), About the bigger time frame If price going as analyzed, The target will be around 1771$ and should be reach around 15 to 22 November.
XAUUSD
XAUUSDTrade closed: stop reached
Price don't go further 1670, but return to stop lost (Which I make it in front EP, meaning less profit but it is OK), If price go beyond the ending of wave B, meaning wave B still not finished yet and can go further, will be look like big Zigzag
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