Abdul-Forex-Movement

Gold after minor corrections next 1217

FX_IDC:XAUUSD   GOLD / US DOLLAR
548 2 13
Gold             cross above Our final invalidation levels 1159 switched our downish calculations and Now we are looking for more upside target around 1217 first but after minor correction 200-300 pips like emoticon
Our trend is Now Bullish and Our down moves should be limited and corrective.
Our wave 3 wave 300 projective of wave 1 and specially was in shape of diagonal which normally we see rarely but we did on Gold             .
Yesterday price close below 1175 so the point 1174.45 rejections is important and it give us the point of about the possible corrections of 200 pips coming.
Our Ewolf target lies near 1217 and also a projections Fibo figures lies there as chok plus a lot of trendlines overlaps too.
We should look for short term trades in bearish but be aware as its corrective scenario for bears so get ready for another big Upthrust towards 1217 levels to finish 5 wave sequences.
Trading recommendations :
We will look to sell on monday open if price drift down with stop above 1180 and target will be 1170-1160 that is aggressive approach.
I recommend conservatve approach to stay patience and look for another buy near 1145 levels for target 1217 and do not be part of Corrections.
seunwilliams27
10 months ago
Great analysis......I agree 100%
Reply
Loii
10 months ago
we got very similar views/charts. nice
Reply
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