In relation to this week movements in Gold, there has been a series of short term up and down moves that were somewhat boring to most traders. The overall market move was too slow because there were few fundamentals related to gold.
But the general market move for the whole week was a forming a symmetrical which was the forth wave in particular degree. Having the triangle completed on Friday, it gives opportunity for the coming week to have most buy trades. The market displays a sort of confirmation to take buy trades, but remember wave "E" have a property of breaking below the boundary line (fake breakout). So if this is going to happen in the begging of the coming week, the remains days will support our buy projection.
Therefore, before you make any trading decision on this setup, make sure you be patient and understand exactly what the market is doing to provide us with entry confirmations.
For any trading opinions on this, please write at the comment section. THANK YOU.
But the general market move for the whole week was a forming a symmetrical which was the forth wave in particular degree. Having the triangle completed on Friday, it gives opportunity for the coming week to have most buy trades. The market displays a sort of confirmation to take buy trades, but remember wave "E" have a property of breaking below the boundary line (fake breakout). So if this is going to happen in the begging of the coming week, the remains days will support our buy projection.
Therefore, before you make any trading decision on this setup, make sure you be patient and understand exactly what the market is doing to provide us with entry confirmations.
For any trading opinions on this, please write at the comment section. THANK YOU.
Komen:
WATCH THIS PROJECTION ON GOLD
