This simply illustrates two points:
(1) How Pt 4, if identified beforehand, can be quickly profitable. It goes straight up and very quickly
(2) Note that it returned to our SNR or supply & demand zone with a 0.786 retracement along with two wicks being formed on the 4 hour bars.
Conclusion: Our SNR zone held and we can expect gold, now to go well below $1450 to $1446 using a Fib extension tool as the wave down does not have time to reach our black Target line and will probably go to 1.618 target at $1446.
(1) How Pt 4, if identified beforehand, can be quickly profitable. It goes straight up and very quickly
(2) Note that it returned to our SNR or supply & demand zone with a 0.786 retracement along with two wicks being formed on the 4 hour bars.
Conclusion: Our SNR zone held and we can expect gold, now to go well below $1450 to $1446 using a Fib extension tool as the wave down does not have time to reach our black Target line and will probably go to 1.618 target at $1446.
Feragatname
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.
Feragatname
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.