Hey Trader, Current Gold price action indicates that we are nearly done with wave 2 which has the form of an usual zig zag. Therefore I expect some further downside movement to around 1774 before we move up. We had two excellent trades during London and New York session where we have booked our partials around the 1790s area before Gold dropped in order to built...
Dear Traders, As expected in my previous analysis, gold is receiving support in the zones I have identified. Based on my wave count, I assume that wave C is done correcting , which is why I now assume an impulsive bullish wave. This wave was confirmed for me when the area around 50% (which was also my entry), was pushed off. This tells me that inner wave 2...
classic New York open retracement 0.5% risk
RT seems forming a base for fallen angel pattern. It also had a lot of insider buying & institutional buying earlier in the year. So we will keep an eye on it for a potential Long trade You can check our detailed analysis on RT in the trading room/ Executive summery link here- www.tradingview.com Time Span: 12:40" Trade Status: Watch list
I believe $RT is ready for a pullback reversal 5-5-15 My levels are as follows Entry: 7.25 Target: 7.75 Stop Loss: 6.90 Good luck and be safe