It is always a difficult task to correctly count the wave development inside of the triangle but this is as good as it gets: one more wave (v) green to the downside is needed to complete the whole impulsive structure in wave Y black of the big degree wave 4 blue. As long as the level of 1006 is not broken, a multi year high is still possible to be made on Gold.
Support/Resistance:
1179 - 1183 - Key Support
1198 - WS1
1216 - Weekly Pivot
1248 - WR1
1266 - WR2
1273 - 1280 - Demand Breakthrough Zone
Trading recommendations:
Short positions should be opened from the level of 1266 with SL above the level of 1281 and TP at the level of 1100 min.
No comments:
Post a Comment