Dear Traders,
Gold shows a clear up trend.
According to Elliott Wave, we are in wave 5. If you look at the chart, wave 1 of wave 5 is created and broke the resistance then backed below that to create wave 2.
Based on the formula 0.68% already wave 2 is created and it gets ready for wave 3 which will move to 2146.28.
Then we will have wave 4 which will pull back to 2073. The last wave will lead the market to rate 2263.61 which I will close my buy position in that rate.
I have entered to to market at rate 1839. Hope to make good money until March.
Good luck.
Gold shows a clear up trend.
According to Elliott Wave, we are in wave 5. If you look at the chart, wave 1 of wave 5 is created and broke the resistance then backed below that to create wave 2.
Based on the formula 0.68% already wave 2 is created and it gets ready for wave 3 which will move to 2146.28.
Then we will have wave 4 which will pull back to 2073. The last wave will lead the market to rate 2263.61 which I will close my buy position in that rate.
I have entered to to market at rate 1839. Hope to make good money until March.
Good luck.