Gold has made it up to 1225 this week.
The purple zone is the first strong resistance zone for GOLD to pass. Only if GOLD can make it through , it can still target 1260 inside the channel by wave 5.
If gold shows us some bear sign on the purple zone, it will look down to the green zone to make a triple bottom or to make a new low.
As our target 2 hit already, we could just keep the trade with 0 risk to see if something good happen ( tp3 hit).Or wait for bear signal for gold to retest the green zone again.
Less is more!
The purple zone is the first strong resistance zone for GOLD to pass. Only if GOLD can make it through , it can still target 1260 inside the channel by wave 5.
If gold shows us some bear sign on the purple zone, it will look down to the green zone to make a triple bottom or to make a new low.
Less is more!
