As mentioned in my previous post, if the price broke below then the trade would be closed. As we know it is a Bull Trend, we will look for longs at the next strong support. Why not short it? I won't because the trend is our friend. I'll be patient as there is a big upside coming.
Feel free to drop me your comments and your ideas if you agree or disagree. Give me a like for support. Thanks.
Yorum
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Not going to enter the trade yet, as price may just be testing the previous high. Lets see if it breaks the previous high before deciding to enter.
Yorum
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The price hasn't broken above 1562, hence I will still stay out of the trade because the market is still indecisive.
I could be wrong but this is my calculation based elliot.
Gold is in wave y(B) correction wave. First target is 1564,and it could going higher 1580
After that wave C
Safe trade bro
Subtle-trader
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@algoffar, yea, though I don't use EW much, but I believe the correction will go deeper, before going towards the target of 1580. That is also my view. Thanks for sharing yours
Gold is in wave y(B) correction wave. First target is 1564,and it could going higher 1580
After that wave C
Safe trade bro