In my view the gold now in wave 4 and it will finish around 2275 - 2272. invalidation level is 2265.sell opportunity from 2342 - 2345 and SL 2358. (130 pip) and TP 2275(650 pip)
IT JUST MY IDEA. use it if it matches your analysis.
wait for confirmation before enter sell position.
Consider your risk management.
Trade active
trading Active, we need watch area between 2354 -2358 if reached. as my view it will make little correction then I will continue down trend to our TP.
Trade closed: stop reached
after 250 pips in our direction (from 2320 to 2295), the price bull pack and reaches our Sl.
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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.