kjwlegend

Gold 0423 Analysis

Short
kjwlegend Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
I'm still hold my opinion that wave C is expected.

In my previous analysis, I was thinking B would be an A-B-C pattern, however, the situation is that the wave B makes a 5-wave patter, which reached 1738, the preivous high.

I would still sell at this position with tight SL and large TP.

Short at 1738 , SL 1750, TP 1640

NOTE: Follow with your own risks and be careful with the risk trading.
Comment:
Gold drops from 1736 to 1721 area.

But to be aware that the berish only be can confirmed when the price drops below 1718

Related Ideas

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.