XAUUSD: Long off (c)’s wave 2, short off (c)’s wave 5
Updated
I prefer long term short position before war/gold makes a true breakout.
Note
(c)'s third wave is probably in play already. Im taking stabs at longs until 1320s then looking for shorts.
Note
Prices above Red line above is my preferred short zone but won't necessarily reach there.Note
Getting ready to buy at (C) preferably when prices are below (A).Since its downtrend, please use 5th wave calculated projections AFTER 4th wave before buying this (C).
Note
I bought earlier at 1273. I'm adding longs at 1278 due to this wave analysis:Order cancelled
Changed my wave count on weekly timeframe. Longs may still be fine, for tiny scalps only in my view in this position. I'll publish new count soon.
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.