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FXLoungeIN
Feb 27, 2021 5:50 PM

GOLD : THE BIG TREND WILL CONTINUE Long

GoldOANDA

Description

Hi to all,
Gold, is moving in a descending wedge and seems the 3th wave complated. Next steps, i'm waiting the 4th and the 5th waves to 1780 / 1685. After all moves complate i think it will begin a new big bullish wave and target 2235.

In smaller timeframes we can trade by long side or short side with the waves. But the main trade i choose to join is the big wave.

Follow my updatesin smaller timeframes about gold.


If you find it useful, please support this idea with LIKE and feel free to ask all your questions as a COMMENT.

Comment

4th Wave will start if it break this line...

Comment

Comment

Waiting any breakout of descending wedge
Comments
RAJAGOPAL1979
going down supportline 1488.45 right to buy
FXLoungeIN
@RAJAGOPAL1979, May be... But first i have to see any closes below 1685 for believe and wait 1488. Thanks for your idea.
Doji22
Certainly lined up with what I’m seeing, nice analysis.
FXLoungeIN
@Doji22, Thanks a lot.
MoneyMakerTrade
Super !)
FXLoungeIN
@MoneyMakerTrade, Thank you.
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