MAJOR GOLD BUY
I believe we are at the end of our expected flat .structure of Wave 2 within the bigger timeframe Wave 2. I believe now we may see price rally pass the resistance above to complete the major Wave 3 (small retracement in between for Minor Wave 4). I believe this will be the last surge up with momentum up for Gold before having a big dip in the longer term. This is because we would have completed Wave 2 and be looking to drop for Wave 3 in the biggest timeframe.
Take Profit
If the market moves as planned then we can target for a TP area of around 1880-1890 (based on 161.8% extension on the Fib Level) of Wave 1 to Wave 2
Stop Loss
However if i am wrong then i would cut my losses around 1802-1804 (below the fib level / the start of my Wave 1 within Wave 2) and re map the charts again. Its worth giving it a go for the risk to the potential Rewards.
Take Profit
If the market moves as planned then we can target for a TP area of around 1880-1890 (based on 161.8% extension on the Fib Level) of Wave 1 to Wave 2
Stop Loss
However if i am wrong then i would cut my losses around 1802-1804 (below the fib level / the start of my Wave 1 within Wave 2) and re map the charts again. Its worth giving it a go for the risk to the potential Rewards.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.