Hey Trader,
please see my current idea on Gold, where my count suggests an impact of the $ 1881 area. This is due to the fact, that we are currently in our wave 3. I assume, that we are currently moving in the inner wave 4 - we saw already a good buying pressure between the 38% and 50% FIB, which should be the bottom target of our wave 4. Therefore I am confident that we may see a price reversal here. After some days of ranging we should finally be able to break out in order to make new highs.
For further informations please see below. This is no financial advice,
Your RT.
please see my current idea on Gold, where my count suggests an impact of the $ 1881 area. This is due to the fact, that we are currently in our wave 3. I assume, that we are currently moving in the inner wave 4 - we saw already a good buying pressure between the 38% and 50% FIB, which should be the bottom target of our wave 4. Therefore I am confident that we may see a price reversal here. After some days of ranging we should finally be able to break out in order to make new highs.
For further informations please see below. This is no financial advice,
Your RT.
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Currently 38%-50% area is holding as support, which is a very good sign for a validation of my count. Let's see what happens on Monday.
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picture perfect trade so far