✅PREVIOUSLY ON GOLD It's thought that the current trend is bullish, it has begun since 1753.
✅WHERE WE ARE We had the strong bullish waves after 1780, which has extended and could've been formed 9 waves. 9 waves means extended 5 waves though, normally the strong correction occurs after 9 waves. We have been on bullish waves, so we should recognize where to buy if the strong drop comes. As of now, we should wait till 1863(fib38.2) to buy. It's too high to be bullish now.
*As long as 1914 remains unbroken, this idea is valid.
💡The absolute principle for trading💡 BUY - as low as possible SELL - as high as possible
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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.