eprw

Gold: Still On Bearish Wave 2

Short
eprw Aggiornato   
FX_IDC:XAUUSD   Oro / Dollaro
I still see gold in process of forming wave A of 2 with A in impulse form. Using Fibonacci Extention we can see that price is rejected on 1.236 level, therefore next sell level is on 0.764. However I use more conservative approach by measuring end of wave iv of 3 using Fibonacci Retracement on 1.618 level. Trade safe, don't forget to use proper ratio and stop loss.
Trade attivo:
Accumulate on 2047 which is the new 1.618 area and marks the end of wave 4. Stop loss zone is 2053-2061. Let's see if we can ride this.
Trade chiuso manualmente:
Closed with profit more than 150 pips

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