Part of my ongoing analysis of Gold (see below).
Per the last plot, we bounced exactly where hoped.
We may well be at "Wave B" end point near $3400.
This is bears best and last chance to get a lower low.
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Last Plot that caught our bounces EXACTLY
Previous Plot called the last Dip Entry EXACTLY
.
I will post updates on this Idea as price action progresses.
.
Please follow and like, for more EXACT plots to use in your trading.
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Per the last plot, we bounced exactly where hoped.
We may well be at "Wave B" end point near $3400.
This is bears best and last chance to get a lower low.
.
Last Plot that caught our bounces EXACTLY
Previous Plot called the last Dip Entry EXACTLY
.
I will post updates on this Idea as price action progresses.
.
Please follow and like, for more EXACT plots to use in your trading.
==============================================================
.
Trade active
PLUNK! Wave C well under way(yellow shaded area is from posting time on).
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Zoom in a bit (M15)
Dropped EXACTLY from the fib zone as posted.
That was the logical spot to open shorts at the fibs.
Such precision lead to ZERO drawdown and instant gains.
.
So where to?
First target will be $3200.
Purple 4.236 is first guess target of this wave, at 3202.35
Red 5.236 is a sister fib of our short entry 1.618 above.
.
So we will hold shorts until 3200 (ish) and evaluate at that point.
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Trade closed: target reached
BOOM! Target Hit(yellow shaded area is from posting time)
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Closer look with some notes:
Dipped EXACTLY from our zone and posting time.
It may take another leg down but I closed 50% of shorts.
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Of note: I thought I had posted this update already.
But apparently something messed up thus a late update.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.