gubak

gubak Updated 

Hello traders, Gold has been rising since 21 August and forming a correction to wave iv. I am expecting price to make a reversal from 1946 to complete wave v at 1840.

gubak

Gold is still in a healthy uptrend condition and looks like the correction has ended. We can take a long position from the previous close on Friday or wait the price to retrace for a better position with stop below 1950. Trade Plan : Alt 1 Buy 1977 SL 1950 TP 2100 Alt 2 Buy 1970 SL 1950 TP 2100

gubak Updated 

Hello traders, Gold price rejected $2000 again on Friday session. Until next week, we could see the price start rally again to wave 3. Alternatively the price could continue the correction move to 1958-1975 area or 1888-1934 area as shown on below chart

gubak Updated 

Hello traders, Gold price did some deep retracement after touching $2009 and it looks like the correction move has ended. We can take a long position and ride it until wave 5 of 3 as long as price do not fall below $1934.

gubak Updated 

Hello traders, Looks like gold has finished its upward correction and on its way to C wave.

gubak Updated 

Hello traders, As we can see in the weekly time frame, gold still in correction and forming C wave (1500-1600 area) to the downside. From lower time frame perspective, I expect price to push up to complete B wave before continuing the downtrend.