Wait until the price enter the green zone, which is 1288-1292, set stop loss 1 tick at 1295, the 1st target is 1271.5
Wave five is ending diagonal, it then followed by a sharp 5 sub-wave correction. The current market is in B wave which correct previous wave A, I don't recommend to enter B wave, we should watch carefully and anticipate c wave.
Gold could undergo the correction phase, i would not recommend to open any position at this time.
We need the patiently wait next stronger impulse wave and ride with it.
Gold enters the correction phase, possible the c wave. Price could move down reach the the target at price range between 1247-1249.
Patient wait the price come to around 2.455, set the stop loss below A, and start to long!
DXY WEEKLY IS STILL BULLISH & 100.21 IS WORTH TO PAY ATTENTION
Trend follower: the projected d1 is 108.43, wait to be proved
bat pattern of gold