Long gold
I've been trading for a couple years, but this is my first publish on TradingView. I'm experimenting with Elliot Waves, so here's my crack at it:
ABC corrective wave completed on Oct 31, and we began another impulse wave higher. As of 12/1, spot gold has closed a new all time high weekly and monthly candle which many momentum traders are eyeing. We are currently riding wave 3 on both the shorter and longer time frame impulse waves. I expect momentum traders to bid up the price in the short term and top out around 2150-2250 spot price. This could last until maybe Jan until the buyers are exhausted. Wave 4 down on the smaller impulse, then complete the larger impulse wave 3 at around 2300-2450 around March 2024.
I have no position, but I am long NEM. GL!
ABC corrective wave completed on Oct 31, and we began another impulse wave higher. As of 12/1, spot gold has closed a new all time high weekly and monthly candle which many momentum traders are eyeing. We are currently riding wave 3 on both the shorter and longer time frame impulse waves. I expect momentum traders to bid up the price in the short term and top out around 2150-2250 spot price. This could last until maybe Jan until the buyers are exhausted. Wave 4 down on the smaller impulse, then complete the larger impulse wave 3 at around 2300-2450 around March 2024.
I have no position, but I am long NEM. GL!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。