The 1254 area is really a fight and it will become the top for a time. When pullback to 125x area, continues to short to 113x area. Maybe after this, U.S. will buy a lot of gold, gold will soar up again.
Long from current price, TP1 1235 TP2 1254.
Short from 125x, TP1 1162, TP2 1133
Long from current price, TP1 1235 TP2 1254.
Short from 125x, TP1 1162, TP2 1133
Comment:
Short from 1252
Comment:
Don't follow the time line, follow the TPs.
Comment:
There might be another drop to 1210-1215 area before going up or After reaching the TP1. Watch the price action.
Comment:
Trend reversals, trade opposite to the original trends divided by the Head.
To 1250 will be impulsive up, opposite to the impulsive down.
To 1250 will be impulsive up, opposite to the impulsive down.
Comment:
1233 might be the top of the retracing, let's see if gold can stand above 1224. If no, gold should be ready for another dive.
Comment:
1117 will be the bottom.
Trade closed: target reached