Gold is proposed to be a descending triangle with more bias on the buy side. The reason why i took the buy is because this descending triangle has a key level of support which makes it a great buy. In a descending triangle, waves B and D usually retrace to .618 to .764 of the previous move im using .618 as my target dont want to risk it.
Note
target reached!
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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.