Good morning Traders!
From the technical point of view, gold could continue the bullish movement and we do not rule out a potential 1.258 processing. That said, the swing should develop two bullish legs (the first completed) and one bearish leg (ABC). If it is correct, we can expect a consolidation movement (bearish leg) before seeing the second bullish leg. But today, we expect ECB announcement & Mario Draghi press conference, and this event could destroy our setup, so be careful and if you decide to take long position, use an appropriate size.
STRATEGY: Take Long Position on Wave 4 and Target on Wave 5
If you think this analysis can be useful, leave a your comment or your ILIKE!
Thank you for support and trade with care!
From the technical point of view, gold could continue the bullish movement and we do not rule out a potential 1.258 processing. That said, the swing should develop two bullish legs (the first completed) and one bearish leg (ABC). If it is correct, we can expect a consolidation movement (bearish leg) before seeing the second bullish leg. But today, we expect ECB announcement & Mario Draghi press conference, and this event could destroy our setup, so be careful and if you decide to take long position, use an appropriate size.
STRATEGY: Take Long Position on Wave 4 and Target on Wave 5
If you think this analysis can be useful, leave a your comment or your ILIKE!
Thank you for support and trade with care!
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🔔 2024 Forex Long Term Analysis:
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
