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Forexian
Nov 8, 2019 1:20 PM

Time to buy Gold for short term with potential for longer term Long

Gold/U.S. DollarFXCM

Description

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.

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)
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