Gold: Still On Bearish Wave 2

8 mai 2023

I still see gold in process of forming wave A of 2 with A in impulse form. Using Fibonacci Extention we can see that price is rejected on 1.236 level, therefore next sell level is on 0.764. However I use more conservative approach by measuring end of wave iv of 3 using Fibonacci Retracement on 1.618 level. Trade safe, don't forget to use proper ratio and stop loss.

10 mai 2023

Transaction en cours

Accumulate on 2047 which is the new 1.618 area and marks the end of wave 4. Stop loss zone is 2053-2061. Let's see if we can ride this.

10 mai 2023

Trade fermée manuellement

Closed with profit more than 150 pips