velmunis

GOLD SWING TRADE 61.8% Fibo rejection 13-Oct-2020

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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GOLD-Technical analysis

Gold is respecting the Elliot wave structure as it got rejection at .618 Fibonacci level and bouncing from this level.
And the yesterday downward movement is a short term correction. I am expecting the bull will remain in control until 1945.00 where the upper side trend line will act as resistance for the bullish trend


SWING TRADE-GOLD

Entry point @ 1915.00
Take profit @ 1940.00
Stop lose @ 1898.00


250 Pips target

Don't risk more than 1% of your capital

Comments

yes I have same view on the gold
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velmunis DaweFXHunter
@DaweFXHunter good luck brother
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