5th wave of GOLD

5. Jan. 2020

As soon as Trump starts accelerating the war against iran, the gold price starts to fly. We have a beautiful 2nd and 4th wave 0.382 retracement. Once break previous high, 3rd wave end and current price actually, the long term trend trader should wait for 1.618 area to take profit.

5. Jan. 2020

Anmerkung

DMI is very promising on daily chart >25 and no sign of divergence so far.
forget about rsi, in a completely bullish movement it is always overbought.

6. Jan. 2020

Anmerkung

Looks very good, follow me to see more ideas like this ;)