Here is a quick look at GOLD . Everything seems to have fallen in place except for the missing buyers.A decline in 11 swings to the expected wave e target , formation of falling wedges , loss of downside momentum. Am i seeing things wrong or they are there. A five move up on the 15 minute chart will indicate the low is in place. Till then , wait and watch.
If GOLD trades below 1676.8 ,then my bullish count is wrong and it may be headed back to 1550 levels.
I am currently short E/A from 1.2653 and added on the last bounce at 1.2540. Where is a good place to set a stop that would definitely show that b still has more room to go up? I want to stay in to maximize profit before wave C starts.
I am currently short E/A from 1.2653 and added on the last bounce at 1.2540. Where is a good place to set a stop that would definitely show that b still has more room to go up? I want to stay in to maximize profit before wave C starts.
Not Gray or Brad but 1.2580 is your level. Going above would make the last swing in two waves signaling wave b still underway.
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