Gold short-term SELL setup

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Arguments:
- trendline of 3rd (yellow) wave is broken.
- divergence in 3rd and 5th wave(green) tops(12 and 17 jan) inside 3rd wave extention(yellow).
- ABC (3-3-5) expanding flat pattern. wave B is still forming.
- wave (c) (inside B wave of ABC pattern) is a diagonal.
sell it when line conecting 2 and 4 wave's ends of diagonal(green) is broken,
wave C should be a 5 wave impulse or a diagonal.
wave C should correct extended wave 3(yellow) by smth like 38%, and should finished inside wave 4(green) of lesser degree.
after that wave 5(yellow) (up) should be.
Keep an eye on it!
Good luck!
Ghi chú
ảnh chụp nhanh
there is an possibility, gold makes one more abc up(5th diagonal wave) before going down.
Ghi chú
looks like zig-zag pattern.
flag breakout will be a confirmation.
gold may drop well below 1991
ảnh chụp nhanh
Ghi chú
possible scenario
ảnh chụp nhanh
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1991 target is reached
next one is 1174
ảnh chụp nhanh
Giao dịch đang hoạt động
looks like gold completed corrective structure.
ảnh chụp nhanh
Đóng lệnh: đạt mục tiêu
I've just looked at my 1st gold idea.
GOLD SELL setup

Original price target was wave C = 1.618 * wave A = 1180.7
ảnh chụp nhanh
looks like ABC correction(wave 4) is nicely done.
so, wave 5(up) unfolds.
targets for wave 5 are 1221 (100% of wave 1) and 1246 (161.8% of wave 1)
Gold

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