- the price broked down huge accumulation;
- 1484.20 is a Mirror Level;
- potential profit will be in 3...10 times bigger than risk.
You will get an accurate signal with entry point Stop loss and take profit if this post will get 100 like.
Before to trade my ideas make your own analyze.
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When price will do a pullback I will send a signal because I promised it.
I will open sell if the price will do a false break out of that level
Accurate entry will send when the signal will arrive
2nd T/P: $1460
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Date: 13 Dec 2019
Time: 7 PM London Time
I see a wxy structure, where wave W - is what you mention as accumulation.
This is a corrective pattern, and there is a high chance that profit is on the upside.
I posted an update yesterday, you may also check earlier posts re Gold.
Have to say, it is not as easy as you tend to present, always keep in mind higher timeframes.