Gold Correction Play (Mid-Jan 2020)

Gold is back in correction mode before trend resumption, so there are 2 tradable paths. I'm assuming this correction won't be as slow moving as Sep-Dec 2019 correction. IF it is slow, this ABC plan will fail. I'm reasonably confident a bounce here off 1546 ought to break 1563 local high. Flexibility and speed are needed here and the TPs can change.

Trade wurde manuell geschlossen:

Different pattern formed.

Order storniert

Trade ist aktiv:

Kommentar:

This is more accurate so there's no surprise if WXY becomes WXYXZ:

Kommentar:

Fighting the blue line support