Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, invalid if the price breaks below 1200, a big chance of a break up, completing the wave (E) in the weekly movement.
Daily Pivot:
R4 1227.83
R3 1220.43
R2 1213.03
R1 1210.26
Pivot 1205.63
S1 1202.86
S2 1198.23
S3 1190.83
S4 1183.43
Option :
-Open long positions if the price does not break down the first support
-TP at the first or second daily daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
Daily Pivot:
R4 1227.83
R3 1220.43
R2 1213.03
R1 1210.26
Pivot 1205.63
S1 1202.86
S2 1198.23
S3 1190.83
S4 1183.43
Option :
-Open long positions if the price does not break down the first support
-TP at the first or second daily daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
