Short term path of Gold

TVC:GOLD   CFDs on Gold (US$ / OZ)
351 5
Gold looks to have completed wave WX of a complex WXY correction.
I expect prices to fall to Y in the area of about 1215-16. Here is a good spot to buy if gold is to go higher.

Y waves are hard to predict as it can be in any combination... so can short from here with stops at 1231 which is your invalidation point.
Or else just wait and set buy limit order at 1216 with stops at about 1213.

Good luck, and happy trading.
Thanks man
I can see how you got this conclusion
1124 buy zone
+1 Reply
Topstock27 lekame17733
Anything is possible :)....still looks bullish short term to me
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