CFDs on Gold (US$ / OZ)

Short

Updated

$XAUUSD #GOLD headed down

The sideways action in GOLD is not a Wave 4 triangle as assumed earlier. A Wave 4 triangle should have resulted in a swift move up, this has not been the case. This is turning out to be a Wave B triangle , so a Wave C to the downside is the next expected move.

Trade closed: target reached

Closing position
Short Entry 1931
Profit Ex 1868

Michael @ SolomonsView

Twitter - @SolomonsView

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Michael @ SolomonsView

Twitter - @SolomonsView

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.