Gold made a strong wave 3 at 1635 - 1640 (due to different broker), and start up&down swing for a while which make most people confuse.
But, as a wave analyzer, it is a super clear to see it's currently in the correction wave 4, and there will be another bump up in short future.
Due to the strong wave 3, I only expect 25% - 35% correction which means the possible buy area is 1580 - 1600. TP is at least 1661 based on my calculation and maximum 1699 is also possible.
These days Gold spread is really crazy and i don't recommend to trade this pair so much but the plan is still here.
Buy: 1580- 1590 . SL 1575 . tp 1661
NO SHORT
But, as a wave analyzer, it is a super clear to see it's currently in the correction wave 4, and there will be another bump up in short future.
Due to the strong wave 3, I only expect 25% - 35% correction which means the possible buy area is 1580 - 1600. TP is at least 1661 based on my calculation and maximum 1699 is also possible.
These days Gold spread is really crazy and i don't recommend to trade this pair so much but the plan is still here.
Buy: 1580- 1590 . SL 1575 . tp 1661
NO SHORT
