New idea for GOLD Long

Gold/U.S. DollarFXCM

Description

⋅ Oct 2, 2016 4:53 PM

From the previous analysis(link below). I think gold is going down and yes it went down from the 1338 to 1315

But, I think I was wrong. Maybe, wave (iii) has not revealed itself yet.

I will use this new wave count for the next week.

This set up will invalid if price below 1300.

Comments

MindTrader

⋅ Oct 3, 2016 8:06 AM

greanhoon

⋅ Oct 3, 2016 8:07 AM

I hope gold to break above 1330 and go on

Thanks for sharing idea

MindTrader

⋅ Oct 3, 2016 8:10 AM

welcome brother.

sulbas

⋅ Oct 2, 2016 5:49 PM

i think same gold, same sh*t. gold has no reason to move up. EURO is getting weak daybyday -i.e. deutche bank-. since datas coming from US are well, FOMC has room to rise hike a bit. i think they will do it in addition to meet with their promises to the people/markets. as a result, i think your previous analysis is currently working and its running down for a big correction

greanhoon

⋅ Oct 2, 2016 5:59 PM

Thank you for sharing