tntsunrise
Short

Gold form a wedge ABCDE WAVE

FX:XAUUSD   Gold Spot / U.S. Dollar
7553 77 147
Gold             form a wedge
ABCDE WAVE
The mearued E point is
around 1248
Pay attention to 1237 level as well

1. Sell the E wave
2. Sell the Break of the Wedge
Comment:
snapshot

GET READY TO SHORT
Trade active: SHORT AT 1247
SL 1255
Comment: NICE REVERSAL
IN MONEY FOR 70 PIPS
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I think what you labeled A should be a Wave 3. B=A, C=B and C is still in it's final down move...
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PeterNoppen PeterNoppen
That should be: E is in it's final wave down. After which Gold will take out the previous high.
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any updates on this trade?
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update of what?
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tntsunrise TOP tntsunrise
NO SL, NO TP YET. Still hold short position
Reply
nl88 PRO tntsunrise
still downside view ?
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Trade is going very well. who sees the 1180 area?
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wow... I'm speechless-- you guys predicted this... what kind of magic is this??? how the heck??? I wish I can give you more than 1 thumb up. I must learn this technical skill. Question though: If I own AUY, NGD or any other stocks-- should I sell them if this continues to go the way you predicted it?
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Have enjoyed reading this analysis over the last day+. Will you maintain shorting over next week(s)? Cheers to you!
Reply
yes I will untill i see some reversal price action
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