Gold was due for a bounce per my previous analysis.
The FED rate decision started it, now Trade Wars adding.
If the Trump -vs- China rhetoric escalates, 1300 should be easy.
So we have a perfect 12345 impulse for wave possible wave (I).
ABC retrace is requisite but may be shallower than the plotted.
Key is try and catch wave (III) where most of the gains will reside.
My last plot looking for 1267-70
Previous short call
My bigger picture looking for 1370-80
The FED rate decision started it, now Trade Wars adding.
If the Trump -vs- China rhetoric escalates, 1300 should be easy.
So we have a perfect 12345 impulse for wave possible wave (I).
ABC retrace is requisite but may be shallower than the plotted.
Key is try and catch wave (III) where most of the gains will reside.
My last plot looking for 1267-70

Previous short call

My bigger picture looking for 1370-80

Nota
Current status shows that my plot of support zone was off a bit, but we did get a bounce after piercing it as Gold often does So looking back I see my mistake. In previous Fib of wave up, I had the 1.764 as green zone boundary, but the 1.618 is generally prefered as it did this time
Zooming into the Bounce on 3min chart
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.