Gold Outlook - Short Term?
61.8 after correction at the bottom of a bullish channel. Already showing divergence on 1H after the ABC correction also.
I am not taking a buy I am waiting for a signal but before signal I will patiently wait for price to create a lightly higher low on 1H
I will likely be waiting for next week but if price does something similar to what I've projejected I will come back and update the post as to when i will look to take a buy next open.
If price does hit the target and shows rejection at target level it will likely be a very nice short then too.
patience is the name of the game.
I am not taking a buy I am waiting for a signal but before signal I will patiently wait for price to create a lightly higher low on 1H
I will likely be waiting for next week but if price does something similar to what I've projejected I will come back and update the post as to when i will look to take a buy next open.
If price does hit the target and shows rejection at target level it will likely be a very nice short then too.
patience is the name of the game.
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