Now that our short term buy's have been closed out in profit, we can go back to focusing on Gold's mid term view. Option 1; expecting Gold to range within this zone, which'll be used as a chance by sellers to accumulate more positions. Waiting for a strong impulse move down, followed by a retest of the grey zone (Wave 4) so we can enter the next sell position.
Option 2; Gold pushes a little higher, taking out the equal high around $1,880 before buying momentum slows down & sellers re-enter the market. Price of grey expansion zone will become more clear once a strong sell off happens. Will try to keep you all updated on the move.
Option 2; Gold pushes a little higher, taking out the equal high around $1,880 before buying momentum slows down & sellers re-enter the market. Price of grey expansion zone will become more clear once a strong sell off happens. Will try to keep you all updated on the move.
