GOLD - SHORTS Until FED ⚡️

10 בפבר׳ 2022

In our previous analysis, we were looking for a correction to enter shorts on Gold back down to the 1680 level where we have the completion of the higher timeframe pattern.

It's likely that we'll see a 5 wave motive wave back down to the 1680 level. We just finished wave 2 and currently on wave 3 (which is often the biggest wave).

See below for the VIP setup on Gold:

On lower timeframe we were in a 5-3-5 ABC correction. Due to the news events, there was a lot of volatility spikes which was difficult to filter but higher timeframe was clearer. See the above setup for the 3-5-3 correction.

All we have to do now is look for corrections and enter until the 1680 level.

Goodluck and as always, trade safe!

12 בפבר׳ 2022

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