On 4 Hour chart Gold has started to go up , on the 15 minute chart it has yet to complete last two sub waves of the triangle of the combination correction. The support lies at 1187 , the potential target is 1255. The structure expected ahead is a zigzag. This is an amazing trade with about 1:5 loss to profit ratio. Hope this helps you.Thanks
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Gold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal, please adjust your trade accordingly.
Trade closed manually
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Trade active
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I am re starting this trade setup , the small degree ending diagonal seems to be over , found resistance at channel line. The initial target is 1210, price action will lead us in case bulls get really strong.
I missed the trade but is it yet too late to enter old advice
elliottwavegreen
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@Pareshthesia, thanks bud , I am expecting a pull back...so you will have chance to join , please note that pull back might touch 1190, tomorrow is going to be bear trap day for gold , the price will drop but will not establish a trend , at that time you can rejoin the main trend upwards, please see my other post of 15 minute chart, I will try to update them tonight or put a new one