We wait for 5ft wave to finish before we go long. Right now we short the rally.
trade idea for gold. go long till 5th wave is finished and then we can short the correction.
A big long is coming once the final leg of the correction is comming.
Expecting to go much lower to 84.900 which is a perfect buying opportunity. Right now we sell the dollar during rally.
Currently on a corrective phase. Will wait for wave B to finished and trade the whole C wave before taking another short position.
Monthly chart forming a corrective flat. From here further downside is expected to complete the correction. After the correction is complete a strong move up is expected (wave 5).
A potential WXY corrective pattern in gold, getting ready for next long up leg. Entry: 1753 Stop: 1744 Remember always manage your risk.
Currently doing a flat corrective pattern. Two possible scenario: running flat or expanded flat. This move is preparation for a much bigger move( 3rd wave)