Hello dear gold investors,
Above, I share my gold projection in which I think we are the beginning phase of the 5th Elliot Impulsive Wave. Below the red trendline, investors should consider to stop loss which is very near to the current price zone.
If I am true and this is the initial phases of the 5th wave, then I suggest 2 take profit areas, first one is USD 2476, second one is USD 2686.
If you think that I am mistaken and don't understand the elliot waves, please comment on the issue and explain it briefly.
Thank you in advance.
This is not a financial advise, rather it is a projection as mentioned.
Above, I share my gold projection in which I think we are the beginning phase of the 5th Elliot Impulsive Wave. Below the red trendline, investors should consider to stop loss which is very near to the current price zone.
If I am true and this is the initial phases of the 5th wave, then I suggest 2 take profit areas, first one is USD 2476, second one is USD 2686.
If you think that I am mistaken and don't understand the elliot waves, please comment on the issue and explain it briefly.
Thank you in advance.
This is not a financial advise, rather it is a projection as mentioned.