I am super optimistic about GC (<- this statement is a cause for concern haha). As you can see, I actually have 2 different counts that both points to Gold going higher. Of course, an Elliottician always have an alternate count in case he is wrong (that count in red). But I like the fact that there was a false breakout and thus I have a long bias.
Note that the most important thing in this trading idea is the invalidation point: if gold breaches $1281.20, the trade idea is invalidated.
Also, note one thing: this is a daily timeframe so it is really a longer term trade idea.
Note that the most important thing in this trading idea is the invalidation point: if gold breaches $1281.20, the trade idea is invalidated.
Also, note one thing: this is a daily timeframe so it is really a longer term trade idea.
Trade closed: stop reached:
Invalidated.
