ThinkingAntsOk

Daily Analysis on Gold Futures (GC) by ThinkingAntsOk

COMEX:GC1!   Gold Futures
Use this as a guide to develop your view of the chart.

a)Our Main analysis on Gold is the Elliott count (12345) with a remaining 5th towards the Fibo extension at 1640.
b)Currently, we forecast a correction similar to the previous one on the chart
c)We will wait for a clear shape before developing new trades on Gold
d)Our objective is to catch the next motive way towards 1640 with a risk-reward ratio equal to or higher than 1.5
e)By the moment we will keep waiting until this formation is clear enough to start thinking on the long setup.
Thinking Ants.
A platform entirely created to improve Traders development.

https://www.thinkingants.com/

Comments

An excellent call really despite the higher top. For me, selling St Barbara stock substantially on that top would have worked very well.
Reply
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