Gold: details about how to trade next week!
Traders:
When hitting close to the area of big wave 3 fibo ext2.0,gold bounced up immediately.
Hopefully, you did not short it here, as chart shows strong RSI 4H DIV appeared, which means seller taking their profit and buyer in.
We already long gold at 1244 and using the small wave( green arrow) and big wave 5 ( red arrow) fibo 382 to 618 to see if gold can make it there.
In the medium term, gold is STILL expected to drop down deeper to 1200.
Less is more!
When hitting close to the area of big wave 3 fibo ext2.0,gold bounced up immediately.
Hopefully, you did not short it here, as chart shows strong RSI 4H DIV appeared, which means seller taking their profit and buyer in.
We already long gold at 1244 and using the small wave( green arrow) and big wave 5 ( red arrow) fibo 382 to 618 to see if gold can make it there.
In the medium term, gold is STILL expected to drop down deeper to 1200.
Less is more!
Comment:
Trade active:
LONG TRADE IN
ENTRY 1253
ENTRY 1253
Comment:
Comment:
same, one more chance to test 1253
Comment:
the miniute of US retail sales data did not push SILVER AND GOLD to go down any deeper but make a great entry for both.
Silver:17.3 fibo 618
Gold:1346, the close price of last lowest bar(1h)
Silver:17.3 fibo 618
Gold:1346, the close price of last lowest bar(1h)
Comment:
entry:1246
now 26 dollars.
now 26 dollars.
Comment:
Now, I realize this takes a month to finish/
Comment:
This means we need to take more time on the time calculation.
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