CFDs on Gold (US$ / OZ)

Short

$XAUUSD #GOLD headed down

By SolomonsView

Updated

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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