Time to buy Gold for short term with potential for longer term
Exactly as expected.
I wasn't trading Gold but unfortunately, my EA had opened 3 small buys behind my back :D, my account went to 20+% drawdown but luckily it seems is over (Judging by XAUEUR -see the image below, USDJPY and the flag for sell on SP500)
Next week I will publish my idea about Gold's 5 wave impulse and explain why I think we are in 4th wave and this down move was a part of it. I believe this was wave A of the correction inside the 4th wave.
I wasn't trading Gold but unfortunately, my EA had opened 3 small buys behind my back :D, my account went to 20+% drawdown but luckily it seems is over (Judging by XAUEUR -see the image below, USDJPY and the flag for sell on SP500)
Next week I will publish my idea about Gold's 5 wave impulse and explain why I think we are in 4th wave and this down move was a part of it. I believe this was wave A of the correction inside the 4th wave.
Comment:
Gold to Euro (XAUEUR) is showing a clearer picture:
Comment:
My view of 5 waves of impulse and the ABC correction which is forming the 4th wave:
(Please do correct me if you think I'm wrong)
(Please do correct me if you think I'm wrong)
