Gold Future - Elliott Wave

16 mai 2023

Gold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ?

Trade Strategy :

The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement.

Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌

18 mai 2023

Note

Update on label EW. see my next publication to see the chart.
Minor update.
My label minute change for more bullish view.
My precedent ((3)) minute are now ((1)) minute so the wave ((2)) minute should be reach around the 50% retracement (around 1842)