Gold reached 1690 last week and retest 1690 resistence this morning and fall.
According to the wave analysis, Gold is at the end stage of the previous wave 5, and the maximum calculated top is 1703. A big correction pattern is expected so that even in the long term Gold may still go up, I wouldn't recommend to enter the long position at this stage. It doesn't give a good risk & reward ratio.
As usual, no plan, no trading. Here's my trading plan.
Short at 1690 - 1700 , TP 1640. SL 1708
Note: follow with your own risk.
Wechat: 56349014
According to the wave analysis, Gold is at the end stage of the previous wave 5, and the maximum calculated top is 1703. A big correction pattern is expected so that even in the long term Gold may still go up, I wouldn't recommend to enter the long position at this stage. It doesn't give a good risk & reward ratio.
As usual, no plan, no trading. Here's my trading plan.
Short at 1690 - 1700 , TP 1640. SL 1708
Note: follow with your own risk.
Wechat: 56349014
Trade active:
Add my short now around 1690
Trade active:
add short at 1702 now
Trade closed: stop reached:
SL. invalid pattern now.
close it
close it
