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Treda_pro
Oct 13, 2023 7:25 PM

Gold - Elliott Wave Count Long

Gold/U.S. DollarFXCM

Description

Gold - Elliott Wave Count

Gold - Based on the current market structure, it is becoming clear that the ABC correction of Wave 2 has ended and Gold will continue to rise towards the $2400 range and beyond. Today's move indicates that the Wave 3 has already begun. However, it is important to note that if the market breaks the $1810 level, the aforementioned view will be considered invalid.

It is crucial to trade with caution and keep in mind that this information is for educational purposes only.

OANDA:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD FXOPEN:XAUUSD ACTIVTRADES:GOLD MCX:GOLD1! TVC:GOLD CAPITALCOM:GOLD MCX:GOLD1!

Trade active

I do not advise you to buy at the top of the rally, wait for a small correction in the coming days. Don't be in a hurry!
Comments
abodn70
👎
Treda_pro
@abodn70 must be holding shorts.. Haha.
abodn70
@Treda_pro I do and I am waiting gold to hit 1700 by the end of the year
abodn70
Only if a nuclear war has started. Then, it can go up and reach your target
Treda_pro
@abodn70 let’s hope… if it’s comes below 1880 I’ll also short… let’s see
Treda_pro
@abodn70 but current structure gives 2400$ target according to Elliott wave… personally I’m not really wants that to be happen… let’s see…
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