Gold Spot / U.S. Dollar
Short

CRASH COMING?

294
✅PREVIOUSLY ON GOLD
There's 5 waves from 1721 to 1868(lime2 - lime3)

✅WHERE WE ARE
If lime 3 already hit at 1868, given that lime 12 correction was the zigzag long correction, lime 34 correction should be straight and short, strong bearish weaves.

So how should we make a strategy?
Based on the idea which 1868 is numbered as lime 3, first, Fib38.2(1812) would be the good target, then Fib61.8(1777).
I'd be bullish again if the price goes down to Fib61.8(1777)

*As long as 1868 remains unbroken, this idea is valid.


💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible

PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉

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.