Gold Idea
This will be my thought on Gold.
1. is still a sell for day trader.
2. gold might reverse at few of the demand zone below.
3. I will look for buy divergence in smaller time frame m15, M30, H1 or even H4. for daily oversold for stoch.
4. I will look for reversal pattern in very small timeframe. like H1 below.
5. I will look for reversal buy now as 5 Wave of medium short term is at its final push.
6. this maybe be the end of impulse wave 1 of reversal from daily time frame.
7. but weekly and monthly it is still in a very long bull corrective wave.
8. let us monitor and work on it a bit more.
1. is still a sell for day trader.
2. gold might reverse at few of the demand zone below.
3. I will look for buy divergence in smaller time frame m15, M30, H1 or even H4. for daily oversold for stoch.
4. I will look for reversal pattern in very small timeframe. like H1 below.
5. I will look for reversal buy now as 5 Wave of medium short term is at its final push.
6. this maybe be the end of impulse wave 1 of reversal from daily time frame.
7. but weekly and monthly it is still in a very long bull corrective wave.
8. let us monitor and work on it a bit more.
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