Gold bounce likely commenced LONG trade Wave 1, 3 & 5
Gold finished correction 5 point swing, and responded a strong pinbar in Weekly. Take the opportunity of Dollar correction and Gold rebounce for opportunity of Wave 1, 3 & depends 5 is clearly identifiable.
Note
Here attached the Weekly indicate retracement Fib 61.8% and a downward diagonal resulting with a pinbar market response; together w/ super low RSI, suggesting possible bounce.Note
try cleaning up messy weekly chart above:Trade active
Trade 1 — 1184 long initiated.Trade closed: target reached
1st trade target reached. 4.2 R/R.
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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.