Waiting for the breakout!
Updated
I said in the related idea "finding the bottom in the green support zone and then the coming break out upward", so the gold found its support in the green zone. Now Wait for the breakout and rising continuously. Next target lay at 1765 but I expect to trade above 1800. Let's see the momentum.
I would not like to see gold below 1670, but not I can say that the rising bottom should not be intact!
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
I would not like to see gold below 1670, but not I can say that the rising bottom should not be intact!
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Note
Reached the resistance zone. I expect a break in the rising. The bulls should have a rest as sideways correction in the fourth wave. As I sign in the picture below.This fourth wave correction critical level 1733 so gold must not go below this level!
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