nowisee

5th wave - The Final Extended Ride

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold's third wave was normal(on Weekly). This will make 5th wave extended.
Therefore, long is for sure.

However, the question is where should one enter for min risk and max loss.

I have used Ichimoku strategy to place my entry. SL just below the current low on daily. If SL hits we exit and wait for another re entry.

And if everything works out as planned exit when Awesome oscillator turns red on weekly.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.