Gold is making wave B of primary wave 3 (on the hypothesis of making diagonal of cycle wave 5). Currently it is in wave (C) of this wave, and should be an impulse. This impulse has made wave 1 and 2 achieved almost its target of 61.8% retracement. It should fall rapidly from here, if it continues to become wave 3 of this impulse.
Target Short by $100+.
Disclaimer : Views above are my personal views only for my personal trading. It is posted here to seek views and comments from the community of gold traders in Trading View. No part of this analysis should be construed as an advice or inferment to undertake any trade or investement or to initiate any investment or wind up an existing investment or otherwise deal in the security / asset mentioned here, on the basis of anything contained herein. Readers are advised to consult their own financial advisors to make any investment, trading or exposure decisions. The author shall not be responsible or liable for any losses or damages, whether pecuniary or otherwise, resulting from the use of information here, whether to the reader or any third party.
Target Short by $100+.
Disclaimer : Views above are my personal views only for my personal trading. It is posted here to seek views and comments from the community of gold traders in Trading View. No part of this analysis should be construed as an advice or inferment to undertake any trade or investement or to initiate any investment or wind up an existing investment or otherwise deal in the security / asset mentioned here, on the basis of anything contained herein. Readers are advised to consult their own financial advisors to make any investment, trading or exposure decisions. The author shall not be responsible or liable for any losses or damages, whether pecuniary or otherwise, resulting from the use of information here, whether to the reader or any third party.
Kommentar:
the price of gold from this source is discontinued, so am ceasing to update further this, though 67% of the target was achieved.
Trade ist aktiv:
Down targets have already been achieved. Strong rebound towards first target of 2092 may begin anytime. I am starting to buy on each dips
Trade geschlossen: Ziel wurde erreicht
As of now, am cautiously bullish, the bearish stance has evaporated.