GOLD SWING TRADE 61.8% Fibo rejection 13-Oct-2020

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GOLD-Technical analysis
Gold is respecting the Elliot wave structure as it got rejection at .618 Fibonacci level and bouncing from this level.
And the yesterday downward movement is a short term correction. I am expecting the bull will remain in control until 1945.00 where the upper side trend line will act as resistance for the bullish trend


SWING TRADE-GOLD

Entry point @ 1915.00
Take profit @ 1940.00
Stop lose @ 1898.00

250 Pips target

Don't risk more than 1% of your capital