Gold (XAUUSD)Long
GOLD in Up Trend
Updated
AS Elliott Wave Theory suggests we are currently in a wave 3 pattern. For detailed analysis, Target wave 3 is set at 2630. Confirmation is required for a close above 2585. The setup fails if the price closes below 2540. Consider buying at 2552 and 2542 Be advised, purchasing at the current price of 2575 carries a high risk.
The targets are 2596, 2611, and 2630.
Consider risk management in light of today's US rate news.
The targets are 2596, 2611, and 2630.
Consider risk management in light of today's US rate news.
Trade active
first target Done.Trade active
second target done. 2611.Trade closed: target reached
Done .Target reached
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