Gold may bounce UP from here
Updated
Gold has almost completed a minor wave v of the the corrective wave C of the larger main corrective wave 2.
With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
#elliotwaveforecast
marketpainterPH
With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
#elliotwaveforecast
marketpainterPH
Trade active
Gold has been trading nicely from our published long trade analysis. To reduce risk, we can now move our stop from our entry point.#elliotwaveforecast
marketpainterPH
Update of the chart is here:
Note
Here's the progress for our long trade idea for #GOLD #XAUUSDPrice may completed its minor impulsive wave (iii) 15-19$ from current level or the 2.5 - 2.618 fibonacci extension levels. respectively.
Chart is well presented below for reference.
#elliotwaveforecast
marketpainterPH
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