First short gold, then short gold
I mainly use NEOWAVE for this analysis.
Based on the time frame (TF) I consider,
GOLD is now doing a corrective wave (B) after it completes the non-standard correction wave (A).
At the time I am writing my analysis,
GOLD has a strong decline, after the label c, which is a good timing for shorting.
However, there is also a considerable possibility that the wave B is not yet complete,
by considering the current wave as the wave x of the non-standard correction, with target price (TP) at 1780.
Nevertheless, I would say that the short position is still a better bet for GOLD at the moment.
My first TP is 1746, whereas my second TP would be at 1742.
Please kindly note that this analysis is NOT A FINANCIAL ADVICE.
Good luck!
Based on the time frame (TF) I consider,
GOLD is now doing a corrective wave (B) after it completes the non-standard correction wave (A).
At the time I am writing my analysis,
GOLD has a strong decline, after the label c, which is a good timing for shorting.
However, there is also a considerable possibility that the wave B is not yet complete,
by considering the current wave as the wave x of the non-standard correction, with target price (TP) at 1780.
Nevertheless, I would say that the short position is still a better bet for GOLD at the moment.
My first TP is 1746, whereas my second TP would be at 1742.
Please kindly note that this analysis is NOT A FINANCIAL ADVICE.
Good luck!
הערה
TP 1746 was hit.עסקה סגורה: הגיע לסטופ
The probability of GOLD doing a non-standard correction in wave B is higher.With the time constraint considered, TP 1742 is unlikely to be possible.
הערה
What to do next? Long or Short? I may update in the next analysis.הערה
I have updated my analysis in the following link:
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.