1012 XAUUSD could make a 5-wave corrective wave to 1490
Details of this daily chart:
1. Gold is on its grand super impulse 3rd wave down (Red)
2. after finishing the blue triangle 5-wave corrective wave.
3. it also on the 3rd impulse wave down (yellow), targeting 1402-1427.
4. Now we add a green 5-wave corrective wave that is quite possible for gold to go alone with.Meaning a correction from 1460-1490 is possible for gold before it make a new downtrend with the green arrow.
Good luck!!!
Less is more!
1. Gold is on its grand super impulse 3rd wave down (Red)
2. after finishing the blue triangle 5-wave corrective wave.
3. it also on the 3rd impulse wave down (yellow), targeting 1402-1427.
4. Now we add a green 5-wave corrective wave that is quite possible for gold to go alone with.Meaning a correction from 1460-1490 is possible for gold before it make a new downtrend with the green arrow.
Good luck!!!
Less is more!
Trade closed: target reached:
TP1 1480 hit with 160 pips profit.
Trade closed manually:
And finallly closed manually at 1485 with 210 pips profit.
Comment:
This is the end of a signal to long GOLD in the early Decemember.