GOLD finished it's full Elliot Wave pattern and made a correction to 0.886 Fib zone. We have a demand zone just below 0.886 Fib level where I was expecting a bounce. We can see now that the price bounced from that area and made a first impulse upwards. I would recommend to wait for a first retrace on the lower timeframe and search for buy opportunities around 1920 and putting a stop on 1895. Risk to reward ratio on reaching the first target is 3.2 and reaching the second target is 5.6. I would love to hear your opinion on this one :)
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.