aibek
Long

GOLD. Buy on dips to 1286-1265. Target 1560

TVC:GOLD   CFDs on Gold (US$ / OZ)
As time goes by the picture gets clearer and I think the map has changed as
we have another wave to the upside pending (wave C).
Contracting flat has been completed in wave B and we have first wave up and a retracement in wave 2.
It could drop deeper to the area highlighted with an orange box (1286-1265).
It could be better to long there.
Minimum target where C=A = 1560, which coincides with the 61.8% Fibonacci from the all time high to the major low.
The risk should be limited at least below the start of wave 1 of C (1236).
Order cancelled: Model changed
Beautiful adaptation to changing dynamics. Very keen, astute and perceptive. Bravo!
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@Bo, thanks, Bo!
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