1926 in view
I don't want to spend much time explaining and just move straight to the point.
I am using Demand and Supply with Elliott wave for this analysis
Look at my previous analysis here
From my previous analysis Price completed 5 wave movement which ended @ 1901 as opposed to my projection at 1904, and it has shown a clear rejection at the demand zone highlighted on the chart, so I am anticipating a move to 1926.
Fundamentals for USD came out strong today but GOLD refused to close below the demand zone, and that should tell you its not going below 1900 for the time being
This is going to be a bumpy ride because I see this as a correctional wave and it is a swing trade so I would advise that you stay very patient and always look out for buying opportunities.
RIsk Management is advised and remember pullbacks are necessary for Price to reach its goals, learn to be patient to get the best entry
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍ .
Please like 👍 ❤️this idea 💡 if you agree, and follow me for more updates !!!
I am using Demand and Supply with Elliott wave for this analysis
Look at my previous analysis here
From my previous analysis Price completed 5 wave movement which ended @ 1901 as opposed to my projection at 1904, and it has shown a clear rejection at the demand zone highlighted on the chart, so I am anticipating a move to 1926.
Fundamentals for USD came out strong today but GOLD refused to close below the demand zone, and that should tell you its not going below 1900 for the time being
This is going to be a bumpy ride because I see this as a correctional wave and it is a swing trade so I would advise that you stay very patient and always look out for buying opportunities.
RIsk Management is advised and remember pullbacks are necessary for Price to reach its goals, learn to be patient to get the best entry
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍ .
Please like 👍 ❤️this idea 💡 if you agree, and follow me for more updates !!!
Note
GOLD within first TP region 1915-1917 ✅💰🥰. I am anticipating a pullback for more buying opportunityTrade closed: target reached
Gold rushed up to Final target...Follow me for more setups
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