Gold Long
The pullback from the blue wave 1 high is unfolding in three waves. The pink wave x was really close to a new high and as a result calling the end of the correction is more difficult. 1330 would be our usual entry point but that would mean the wave down from pink x would have to truncate.
The pullback from wave x suggests 1327, normally RSI would tell us which way to go but i cannot decide, as a result I have chosen an entry between the two. I guess it does not really matter as long as we are on the right side of the trade which at the moment is selling the dollar.
The pullback from wave x suggests 1327, normally RSI would tell us which way to go but i cannot decide, as a result I have chosen an entry between the two. I guess it does not really matter as long as we are on the right side of the trade which at the moment is selling the dollar.
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