Gold-long setup

I think long position is a good option now for a simple reason.
wave 1 of the ongoing bullish trend retraces to 61 fibo forming a wave no.2.
in fact, I am in a long position from price 1732 and manage my trade to 1850 minimum.
Wave 3 ,as Elliot guidance refers,would extended to 2.61 fibo of the Wave1, or at least, 1.61 fibo.

time will examine idea accuracy.


kindly note, here I share my ideas and not a good advise to buy or sell