All that glitters is not Gold (update)
In my last idea, I posted an idea about a short for Gold. Now that we have some additional price action and information, I want to present an alternate count. This count is a double zigzag with a complex X wave which is an expanded flat. Expanded flats are tricky market maker plays which, in a downtrend, squeezes the shorts and bleeds out the longs, making money in both direction. There is some confluence in the golden pocket retrace at the 1.276 extension, which I think will be the zone to watch for a reversal. Additionally, the RSI is way overbought, so a reversal seems imminent. Wait for confirmation and happy trading.
İşlem aktif
Starting to ladder my shorts here from 1521
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.