Gold: Wave (iii) Ending Soon. One More Chance To Profit.

9 Jan 2019

In previous posts on Gold, I gave you the analysis on it and showed you that Gold was about to start a bull rally. You can refer to my previous Gold posts below for those posts. I have already closed one of my 2 LONG trades and banked +631 pips on this rally. That Gold trade hit my trailing stops when it spiked down but I'm perfectly happy taking that profit! Besides, I still have a 2nd LONG trade that is still working and that is currently up over +600 pips as well.

But what you are seeing in this post is that I still expect that Gold is not finished with this wave (iii) rally its been on and is still headed higher. My wave analysis shows that it is currently in a wave iv of that wave (iii) and could very well be forming a wave iv triangle. And that triangle could very well be near completion. That means that the wave v of (iii) could get underway very soon and if the triangle measurements are correct, the wave v could be worth over +200 pips more in profit! That means when this wave (iii) is done with, my current trade could be up +800 pips in profit! Combined with the previous trade already closed, that would be +1,600 pips in profit. Not too shabby, huh? If you had received my trade alert back in November last year, you would be in the same position.

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