Hey Trader,
please see my latest idea on Gold. We finally hit our target from our longs and based on the current price action I am confident with my second scenario for the midterm Gold cycle.
I am very confident that we will see prices way above 2000 Dollars, but before that I am expecting 1750 - 1640 area first in order to grab the liquidity we need for the last wave 5 in Gold in order to hit new all time high's.
I entered my short positions based on the knowledge that wave 2 needs to retrace at least 50% of the first impulse. As I saw this 3 waves pattern building up I decided to not wait and enter there in order to hold my short swing for midterm.
Please keep in mind: This idea represents just my opinion and my technical expertise.
I am open for feedback if its constructive and reasonable. Let me know what you think
For further informations please see below.
RT
please see my latest idea on Gold. We finally hit our target from our longs and based on the current price action I am confident with my second scenario for the midterm Gold cycle.
I am very confident that we will see prices way above 2000 Dollars, but before that I am expecting 1750 - 1640 area first in order to grab the liquidity we need for the last wave 5 in Gold in order to hit new all time high's.
I entered my short positions based on the knowledge that wave 2 needs to retrace at least 50% of the first impulse. As I saw this 3 waves pattern building up I decided to not wait and enter there in order to hold my short swing for midterm.
Please keep in mind: This idea represents just my opinion and my technical expertise.
I am open for feedback if its constructive and reasonable. Let me know what you think
For further informations please see below.
RT