Gold: Waiting For The Right Time To Buy

I see gold could make one more low right now, however I prefer to wait and see as I can't find a good risk-reward ratio for selling and that there is possibility that A of 2 has completed and now is entering wave B of 2. If chart goes as planned, there should be rejection on Fibonacci Retracement on 1.272 level. If not price could go lower up to 1.618 level. To be safe, enter buy position not exactly on above levels instead wait for minimum 12 to enter buy. Trade safe, use SL and proper ratio.

Trade active:

Buy active. Target 1991.

Trade active:

Next observation point is 1.618 level, around 1947. Trade safe.