Gold is nearly done with its ABC correction
Hey Trader,
Current Gold price action indicates that we are nearly done with wave 2 which has the form of an usual zig zag. Therefore I expect some further downside movement to around 1774 before we move up.
We had two excellent trades during London and New York session where we have booked our partials around the 1790s area before Gold dropped in order to built up its C leg.
However, I think this is a great occasion to stack our buys.
Best of luck to everyone. Feel free to join the family during X-Mas offering.
This is no financial advice.
RT
Current Gold price action indicates that we are nearly done with wave 2 which has the form of an usual zig zag. Therefore I expect some further downside movement to around 1774 before we move up.
We had two excellent trades during London and New York session where we have booked our partials around the 1790s area before Gold dropped in order to built up its C leg.
However, I think this is a great occasion to stack our buys.
Best of luck to everyone. Feel free to join the family during X-Mas offering.
This is no financial advice.
RT
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