gold short term buy

מעודכן
trendline of wave A(green) was broken. there were divergence on H1.
it made and broke 2 more flags.
green wave A should be corrected. (at least to 1221)
buy target, based on recent price action, is 1226.
look for entry point according to your strategy. next flag, etc..
good luck!
הערה
watch flag breakout!
תמונת-בזק
הערה
flag was not broken. price felt sharp.
1st explanation
I take 161.% target. in fact gold stopped at 38.2%
this upside move looks like a minor correction of lattest part of preceding bear market. (not an entire [1263-1195] move)
in this case gold should continue moving down. (smb may say eu grap gold/$ down)
תמונת-בזק
2nd explanation
it just made a complex abc, (a) = (c)
in this case actual buy target is 1223
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עסקה סגורה: היעד הושג
1221 target was reached (38.2% of [1263-1195] move) . it was minimum target.
תמונת-בזק
Gold

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