SteveTan

GOLD long toward 1870 for wave 1 (yellow), SL @ 1792. 2/8/21

Long
SteveTan Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD wave 1 (yellow) probably not completed yet As current price possible at wave c (Green Circled) of wave 1 (yellow).. Long Gold at around 1808 at the end of triple zig zag correction (not shown on chart) . Stop Lost at 1792 which is the low of wave (ii)(Red). Target Profit at around 1870..( about 620 pips potential gain) ...
Comment:
xyz3dtrading.. Charts consist of 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed )
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.