Hello
GOLD is on the most tricky charts in the market and you all know that we never tired to repainting our charts for XAU. I have counted it like this and I think we are in wave 5.
The main question for a trader with Elliott strategy is that if it the last impulse wave and then chart of gold will reverse or it was just wave 12345 minors and wave (1) intermediated and then gold will continue its movements.
In my experience NO ONE can predict it in 100 % and time just can do it.
I am pretty sure that this is the last movement of gold but I never get a position unless I see all reliable reversal evidences for this chart.
I recommend to wait and let chart reverses and then if we see a bearish 5 waves and then a correction so then we enter a sell position.
Thanks
GOLD is on the most tricky charts in the market and you all know that we never tired to repainting our charts for XAU. I have counted it like this and I think we are in wave 5.
The main question for a trader with Elliott strategy is that if it the last impulse wave and then chart of gold will reverse or it was just wave 12345 minors and wave (1) intermediated and then gold will continue its movements.
In my experience NO ONE can predict it in 100 % and time just can do it.
I am pretty sure that this is the last movement of gold but I never get a position unless I see all reliable reversal evidences for this chart.
I recommend to wait and let chart reverses and then if we see a bearish 5 waves and then a correction so then we enter a sell position.
Thanks
Comment:
it seems that this rally is finishing till tomorrow
AMA