What is good here:
Nice " Closing 15/m6 " Binomial wave ( with previous uncompleted as a bonus ).
No " Closing 1/m113 " wave.
XO 90 Ratio on Fib 100 is just 0.780, with a pressure, BUT with a possible break since %/216 value is 344.
1235.9 equals BL4 / 1237.5 equals XO 90 ration on Fib 0.618.
Knowing that Gold have two targets.
First move is vital to know which one come first.
Warning that 1230 now become very tough not only it is a classy support but now levels float there blocking a downward move.
Gold is setting up for new highs, very bullish after every recalculation.
If target 1223 is real and there is no mistake, you will witness a spike downwards. Very aggressive and volatile to tag it.
Why aggressive? Just because majority of noobs, sorry retail traders start buying at 1230 well just because oh boy it is one good support to buy. So we have TP where they have SL.
If that happens I have Buy limits set 1223 and 1224 because gold is ready for new highs.
If 1223 is not true then Gold can be blocked at 1230 or even 1231 and move up. Once it gets over 1237.5 by 1$ that is confiremd bull.
This was registered on Fxpro right after opening.
But I have yet to find something similar on other brokers across the bord.
Do you have the same on your broker ?
What's next a Technical Glitch spike to 1300$
Huge money was lost accross the board in 1 second after opening. Fxpro is saying they will refund all their clients. But this is not funny.
Anyway, picture the same, still looking downward on Gold.