Plan GOLD Short Term
"I’m updating the gold plan.
I expect a short-term distribution phase, adjusted as in the chart. Currently, we are just at the UT phase (Phase B). We need to wait for gold to form a full range, which might complete by this Friday or the first half of next week.
In the smaller range (red zone), I’m also expecting a distribution phase to form (currently in Phase B, just beginning).
There might be UTAD moves (whether they happen or not). If not, we can get a SELL point around 81, 82. But if UTAD forms, it will likely hover around 92, 94.
For today’s trading, just trade within the red range (buy at the lower boundary, sell at the upper boundary).
The long-term trend is still up, I’m only expecting a short-term correction, not aiming for a SWING trade.
The desired zones to watch for opportunities: 2624 - 2560."
I expect a short-term distribution phase, adjusted as in the chart. Currently, we are just at the UT phase (Phase B). We need to wait for gold to form a full range, which might complete by this Friday or the first half of next week.
In the smaller range (red zone), I’m also expecting a distribution phase to form (currently in Phase B, just beginning).
There might be UTAD moves (whether they happen or not). If not, we can get a SELL point around 81, 82. But if UTAD forms, it will likely hover around 92, 94.
For today’s trading, just trade within the red range (buy at the lower boundary, sell at the upper boundary).
The long-term trend is still up, I’m only expecting a short-term correction, not aiming for a SWING trade.
The desired zones to watch for opportunities: 2624 - 2560."
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