Gold has almost completed a minor wave v of the the corrective wave C of the larger main corrective wave 2.
With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
#elliotwaveforecast
@marketpainterPH
With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
#elliotwaveforecast
@marketpainterPH
Trade active:
Gold has been trading nicely from our published long trade analysis. To reduce risk, we can now move our stop from our entry point.
#elliotwaveforecast
@marketpainterph
Update of the chart is here:
#elliotwaveforecast
@marketpainterph
Update of the chart is here:
Price may completed its minor impulsive wave (iii) 15-19$ from current level or the 2.5 - 2.618 fibonacci extension levels. respectively.
Chart is well presented below for reference.
#elliotwaveforecast
@marketpainterPH