Gold: Still On Bearish Wave 2

8 במאי 2023

I still see gold in process of forming wave A of 2 with A in impulse form. Using Fibonacci Extention we can see that price is rejected on 1.236 level, therefore next sell level is on 0.764. However I use more conservative approach by measuring end of wave iv of 3 using Fibonacci Retracement on 1.618 level. Trade safe, don't forget to use proper ratio and stop loss.

10 במאי 2023

עסקה פעילה

Accumulate on 2047 which is the new 1.618 area and marks the end of wave 4. Stop loss zone is 2053-2061. Let's see if we can ride this.

10 במאי 2023

העסקה בוטלה באופן ידני

Closed with profit more than 150 pips