Hello traders
I'm still holding my word that GOLD STILL IN CORRECTION and this is my interpretation with a nice risk reward ratio of 1 to 5.
Gold decline started august 6 with a sharp decline from $2074 to $1863 that I identify as wave W (Zig-Zag) followed by a triangle pattern (Wave X) and it's triangle thrust as wave Y that ended on September 24th at $1845 . After that market has been tricky trading sideways and I identify that move as an expanded triangle or a complex correction in minor degree (Wave X of WXYZ). Now I have my eye on the yellow square, from Oct 26th to to 29th i see an ABC decline and after that another ABC sharp uptrend which tells me this could be an expanded flat (3,3,5) 3 waves down 3 waves follow by 5 wave decline which could be a sharp decline with targets to at least $1808 and this will complete the pattern (WAVE Z)
Happy trading
thanks
I'm still holding my word that GOLD STILL IN CORRECTION and this is my interpretation with a nice risk reward ratio of 1 to 5.
Gold decline started august 6 with a sharp decline from $2074 to $1863 that I identify as wave W (Zig-Zag) followed by a triangle pattern (Wave X) and it's triangle thrust as wave Y that ended on September 24th at $1845 . After that market has been tricky trading sideways and I identify that move as an expanded triangle or a complex correction in minor degree (Wave X of WXYZ). Now I have my eye on the yellow square, from Oct 26th to to 29th i see an ABC decline and after that another ABC sharp uptrend which tells me this could be an expanded flat (3,3,5) 3 waves down 3 waves follow by 5 wave decline which could be a sharp decline with targets to at least $1808 and this will complete the pattern (WAVE Z)
Happy trading
thanks
Dagangan ditutup: sasaran tercapai
perfect trade 36k
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.