Gold neutral: Short-term Pullback + upcoming wave 4
I've been calling for Gold long for the longest time and also called for short-term pull back at the end of wave 3 of 3.
Now that we have finished wave 3 of 5 of 3, it is time to take a step back and wait for better prices to enter for the final leg of wave 3. Or simply, just get out of Gold because the next move will anyway be a wave 4.
Wave 4s are usually the hardest to trade and a waste of time because it consolidates or have volatile range. So, instead of trying to capture the final leg of the wave 3, I would rather get out entirely and wait for even wave 4 to complete before revisiting Gold in my portfolio.
Good luck!
Now that we have finished wave 3 of 5 of 3, it is time to take a step back and wait for better prices to enter for the final leg of wave 3. Or simply, just get out of Gold because the next move will anyway be a wave 4.
Wave 4s are usually the hardest to trade and a waste of time because it consolidates or have volatile range. So, instead of trying to capture the final leg of the wave 3, I would rather get out entirely and wait for even wave 4 to complete before revisiting Gold in my portfolio.
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.