GOLD (May 31, 2020) - Stages of losing money !!!
Note that the down wave structure from 1760-1690 is not a push wave model. So do not rush to conclusions.
The next note is the breaking trend of the wave at the weekend. The question should be bought when the gold next week gold or not? Let's focus on the most profitable scenario, the Wave (v) gold has not ended and this is the wave iii of (v). If the market is as good as that I would recommend if you have Buy, take profit below the zone of 1870. The reason is because we compare the amplitude of the wave (iii).
If the market is not good, then I can only predict this upside is a corrective wave and Gold will continue falling to 1670 to complete the WXY wave structure.
This period is difficult to comment on the direction of GOLD.
Hopefully this small review will help you who are in the forex market.
Wishing everyone a new week of effective trading!
Note that the down wave structure from 1760-1690 is not a push wave model. So do not rush to conclusions.
The next note is the breaking trend of the wave at the weekend. The question should be bought when the gold next week gold or not? Let's focus on the most profitable scenario, the Wave (v) gold has not ended and this is the wave iii of (v). If the market is as good as that I would recommend if you have Buy, take profit below the zone of 1870. The reason is because we compare the amplitude of the wave (iii).
If the market is not good, then I can only predict this upside is a corrective wave and Gold will continue falling to 1670 to complete the WXY wave structure.
This period is difficult to comment on the direction of GOLD.
Hopefully this small review will help you who are in the forex market.
Wishing everyone a new week of effective trading!