I took a closer look at Gold 4 hours chart and that´s what I have got. Pretty precise. As you see, Gold repeats the patterns it worked out in previous waves. We can project the current move to the bottom along the Gann band. So we go short to about 1257 (at 1260 you can take tp to be safe) and then when Gold makes that "cup" in the bottom we can go long. One thing I wonder, how big is going to be that bottom cup. Lets what price does when it drops and where the drop will stop. So far we project 1257. If it make much bigger cup then 1230 would be the bottom, what I doubt now. Note that I use line chart for Gann analysis, because line charts are based on closes (not highs or lows). One low or high wig can be just 1 trade with no volume or significance behind. Close is what really matter. Use line charts for trendlines.
코멘트:
Price should bounce off Gann 2/1 angle line...