Here is my analysis of Gold. After completing 5 waves and A B Correction phase, gold making an upside impulse from 1676 until yesterday high 1799. So far gold can not break the psychology level 1800 area. And yesterday after reaching 1799 gold falling hard to the 1770 area and making a double top pattern in timeframe 4H which indicates to me that the impulse upside movement is done. With that said, I believe gold now starting to make the wave retracement. This analysis will be invalid if gold breaks above the 1800 area.
Disclaimer: This is my personal trading setup!! Please use this only for comparison with your own.
Cheers
Disclaimer: This is my personal trading setup!! Please use this only for comparison with your own.
Cheers
Trade active:
open trade 1781