if the 61.8% fib holds at 1318.xxx then a drop is in play Short

TVC:GOLD60

GOLD (US$/OZ)TVC

Description

⋅ Feb 15, 2019 10:29 AM

it is a tricky trade due to the behavior of the dollar index

Comment

⋅ Feb 16, 2019 6:43 PM

seems like wave 4 correction is done(5-3-3) and wave 5 is in the cards now...lets see what will 1325.xxx do

Chart Patterns Wave Analysis

Comments

praveenfx

⋅ Feb 16, 2019 5:24 PM

Bro will it SL?? Or u see it coming down. Can u update please.

Dax-messiahFx1

⋅ Feb 16, 2019 6:30 PM

@praveenfx, gold is now heading to 1325.xxx zone,if that zone fail to hold then that means its heading up to 1333-1337.xxx to complete wave 5.....we will ride it down to 1300 zone