#XAUUSD- Multi-17,57-plication possible? #gold #tradingview
#GoingForAGamble?
Gold should finish the abcde correction today and completing correction wave (iv). Now, according to the Elliott Wave rules, the commodity typical expanding wave 5 should start.
The target range is USD 2,407.25 (+/- 20 dollars).
SL has to be set to the low of wave c (1.902,84 USD) because wave e should not reach wave c anymore! (See Chart)
At a current rate of USD 1,930 per ounce of gold, this results in a very clear plan and a Risk Reward Ratio (RRR) of 17.57 to 1.
If the trade works out, the next lunch + drink would be financed and maybe there is enough for a starter and dessert ;-)
Well prepared and greetings from Hannover, Lower Saxony
Stefan Bode
Gold should finish the abcde correction today and completing correction wave (iv). Now, according to the Elliott Wave rules, the commodity typical expanding wave 5 should start.
The target range is USD 2,407.25 (+/- 20 dollars).
SL has to be set to the low of wave c (1.902,84 USD) because wave e should not reach wave c anymore! (See Chart)
At a current rate of USD 1,930 per ounce of gold, this results in a very clear plan and a Risk Reward Ratio (RRR) of 17.57 to 1.
If the trade works out, the next lunch + drink would be financed and maybe there is enough for a starter and dessert ;-)
Well prepared and greetings from Hannover, Lower Saxony
Stefan Bode
Trade closed: stop reached
-0,43 R
t.me/stefan_bode_analysen
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Related publications
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.
t.me/stefan_bode_analysen
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Related publications
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.