Hello traders,
Yesterday US CPI made a WIDE range movement for gold. The AB wave looks no good for trading intraday.
But it gives us a clue that 1908 right now could be a short-term support.
To finish the ABC corrective wave, I would prefer to gold go back to test Position C again and wait for a new signal to open sell
This time will target recent daily lows as our swing trade targets.
GOOD LUCK ON THIS SELLING PLAN.
LESS IS MORE!
Yesterday US CPI made a WIDE range movement for gold. The AB wave looks no good for trading intraday.
But it gives us a clue that 1908 right now could be a short-term support.
To finish the ABC corrective wave, I would prefer to gold go back to test Position C again and wait for a new signal to open sell
This time will target recent daily lows as our swing trade targets.
GOOD LUCK ON THIS SELLING PLAN.
LESS IS MORE!
Note
ECB interest rate decision and US monthly retail sales are coming in later session. Wait for more clues to confirm after that.
Note
Going to break 1900.
Note
Waiting for a retest of 1905-1908 to sell again to break 1900 ,down to new low.
Note
Gold almost hit 1900 BUT then be reversed up again. Later after morning session in Asia, I would make a new analysis on this situation.
10 year 4H swing trader! Join group for free； Contact wechat: ziyuvera; ABC Swing trading strategy Course Consul wechat: ziyuvera
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10 year 4H swing trader! Join group for free； Contact wechat: ziyuvera; ABC Swing trading strategy Course Consul wechat: ziyuvera
Related publications
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.