Idea for Gold @ 21th July 2023
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Currently, the price reject at fibs of 50%, the channel top to complete the wave B,
Let's wait for a pullback to catch wave C
Expect the price to sweep the swing low, then touch H4 OB, then have a pullback.
Let's wait for a pullback to catch wave C
Expect the price to sweep the swing low, then touch H4 OB, then have a pullback.
Nota
Gold next move possiblyat the top, there are EQH there, it might be a BSL, and we are looking at around 1972 level to sell it.
Nota
Update Elliott Wave ChartNota
Gold another scenario, and we wait after FOMC and see how it works.Nota
Gold another scenario for SMC conceptNota
Nice shot for chaching wave 3 entryNota
It's almost close to the order block, it might have a small pullbackPatience - A Key To Success in Trading
⏱️ A few days ago, we predicted a correction and then a drop in GOLD. Today, it's happening just like we said. But, sadly, many traders are losing money. Why? They're not patient enough.
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