Gold is correcting at small 4 of C, expecting to retrace @1797.58 consolidating complex correction wxyxz (triangle, zigzag,flat)
- to complete w.C @ 1764(above) which is 61.8% fibo of W.1
Buy @1764 - 1777 area
Stop loss @1750
Note: this is not a signal, just a possible trade setups.
All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio.
* Where are you placing your risk, and where is the target potential - absent where you are setting your stop/ where you are looking to take profit.
Leave your comments, or give a LIKE :)
- to complete w.C @ 1764(above) which is 61.8% fibo of W.1
Buy @1764 - 1777 area
Stop loss @1750
Note: this is not a signal, just a possible trade setups.
All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio.
* Where are you placing your risk, and where is the target potential - absent where you are setting your stop/ where you are looking to take profit.
Leave your comments, or give a LIKE :)
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