Gold- Last leg up and then big retrace down
I think we are in the last leg of wave 5 in ending diagonal
2 targets:
1) 1800
2) 1870
Confirmed by seeing red bearish candle in Daily TF at either 1800 or 1870
I think we will go to 1870
Then, we will see big retracement down to at least 1600
Comment:
Now 1800+/- 10 is more likely
Comment:
If we close today like this, i think it is over and now we're going down
If we close today like this, i think it is over and now we're going down
Comment:
Looks like expanded flat wave2 is completed.
I will sell here once with stop above 1748.5
I will sell here once with stop above 1748.5
Comment:
If gold subdivided into something like this maybe the target will only be 1800