Forecast:According to wave analysis GOLD is about to bounce for a very long time. Correction is about to end.
From my experience, I can say that Elliot Waves work perfectly for GOLD.
Additionally, we can notice a great head and shoulders formation, which confirms the bearish downside movement.
Look at my previous prediction. All tp's have been hit perfectly.
The real question is " When to buy GOLD?".
WE have 2 options:
Tip: Never rush to place an order. Plan your trade before doing any action. Trust me you will thank me later.
Of course, political war can affect the movement of the market significantly.
We will need to follow the news closely.
Don't forget to support me by clicking the LIKE button.
Also, feel free to share your ideas/opinions. Appreciate your support!
Remember to use risk management wisely.
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
From my experience, I can say that Elliot Waves work perfectly for GOLD.
Additionally, we can notice a great head and shoulders formation, which confirms the bearish downside movement.
Look at my previous prediction. All tp's have been hit perfectly.
The real question is " When to buy GOLD?".
WE have 2 options:
- Safe: Wait for the bullish confirmation and put your buy stops around 1460-1470.
Lowest potential drop is the 1450 area.
- Extreme: You can literally buy now(If your account size is big enough).
Tip: Never rush to place an order. Plan your trade before doing any action. Trust me you will thank me later.
Of course, political war can affect the movement of the market significantly.
We will need to follow the news closely.
Don't forget to support me by clicking the LIKE button.
Also, feel free to share your ideas/opinions. Appreciate your support!
Remember to use risk management wisely.
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
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