After the gold price doesn't make a new low and does some correction, I think it may be making a FLAT correction and we're at the beginning of wave "C", If the price doesn't go below 1617, or the analysis will be wrong, must be something else. To enter the Long or Buy position, wait for the price breaking 1670, which will be a safety position (Price Action is the most important information)
XAUUSD
XAUUSD
Trade chiuso: obiettivo raggiunto:
The price seem finished wave c or 2 (Still not confirmed but 90% finished)
So wait for open Long/Buy position. To be continue on part 2
So wait for open Long/Buy position. To be continue on part 2
Trade chiuso: stop raggiunto:
Price don't go further 1670, but return to stop lost (Which I make it in front EP, meaning less profit but it is OK), If price go beyond the ending of wave B, meaning wave B still not finished yet and can go further, will be look like big Zigzag
