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[GOLD] REBOUND CONTINUATION?

FX:XAUUSD   黄金/美元
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!
评论:
评论:
If u look at the 4H chart u can see 5 waves completed(downtrend) after 5 waves we know there will be correction legs (A; B; C)
A leg is (50..61..100) now passed from 61 fibo the reversal will be at around 1254.00( take confirmation of reversal) this reversal will be the end of inside 3rd wave

Wish u happy trade

best regards

Murodjon from Uzbekistan!!
回复
your analytics are sharp! thank you for that article
回复
You are the best I love it
+1 回复
in shaa Allah hope for the best
+2 回复
Nice setup.
+2 回复
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