Still looking for a move down. Looks like that finally will happen. A test of the 1 wave for Gold @ the 1258.90 area would be an absolutely great spot. This I still believe is a "Running Correction" for the wave 2 (Expanded Flat). The "B" wave went slightly higher than expected but signifies "Bullish Strength". Will have to wait & see if this area holds but appears to be a good buying oppurtunity above the "B" wave. Should move quite strongly if correct.
sir as of me this 2 wave correction is double zigzag manner andbulls will start charge for 3rd wave early next week to test 161.8% of wave 1 is 1295 minimum . am i right sir if i am not misread
royalbengal
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sir your analysis in gold is excellent .pl update frequently because deceided i will follow you only and not others to avoid noise and clear trade setup
thenry
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@royalbengal, Okay, It's just an idea though. (I wouldn't bet the farm on it)
royalbengal
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@thenry, but so far looks like your guess is absolutely ok
thenry
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@royalbengal, Yeah so far I like it. We will know better here in about 15 minutes when the market re-opens.
royalbengal
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@thenry, sir do you trade only gold or other instrument also
thenry
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@royalbengal, Right now, I just trade strictly Gold.
royalbengal
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@thenry, please share your idea regularly to learn and take proper trade setup. because i am heavy looser in past
thenry
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@royalbengal, Yeah okay, I usually post weekly anyways. Good luck in your Trading!
royalbengal
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@thenry, you predoicted running flat and mkt did exactly so far. so beleives unfold chart will be in your favour. Means 3 rd wave started and lookd 1 of 3 is in completion mode