I've shorted Gold from the top, looking to target the 23.6% fib where I'll take 50% of my profits.
From this point, I'll observe to see if there's any signs of bullish reversals, if there is I'll hedge my short position with a long position of equal size and set my SL on my short position to breakeven.
I'm anticipating the formation of a Wolfe wave after the long setup highlighted is complete setting Gold for a long term short soon.
From this point, I'll observe to see if there's any signs of bullish reversals, if there is I'll hedge my short position with a long position of equal size and set my SL on my short position to breakeven.
I'm anticipating the formation of a Wolfe wave after the long setup highlighted is complete setting Gold for a long term short soon.