I believe we are at the end of our expected flat .structure of Wave 2 within the bigger timeframe Wave 2. I believe now we may see price rally pass the resistance above to complete the major Wave 3 (small retracement in between for Minor Wave 4). I believe this will be the last surge up with momentum up for Gold before having a big dip in the longer term. This is because we would have completed Wave 2 and be looking to drop for Wave 3 in the biggest timeframe.
Take Profit
If the market moves as planned then we can target for a TP area of around 1880-1890 (based on 161.8% extension on the Fib Level) of Wave 1 to Wave 2
Stop Loss
However if i am wrong then i would cut my losses around 1802-1804 (below the fib level / the start of my Wave 1 within Wave 2) and re map the charts again. Its worth giving it a go for the risk to the potential Rewards.
Take Profit
If the market moves as planned then we can target for a TP area of around 1880-1890 (based on 161.8% extension on the Fib Level) of Wave 1 to Wave 2
Stop Loss
However if i am wrong then i would cut my losses around 1802-1804 (below the fib level / the start of my Wave 1 within Wave 2) and re map the charts again. Its worth giving it a go for the risk to the potential Rewards.