Weekly Gold EW
We had finished our 5 minor waves in smaller timeframe on 5th Jan that presumably be the motive movement.
The last trading session on the day had closed the week with bearish engulfing candle. As such, we shall foresee another big movement towards new lower low beyond 11th Dec value of 1972.
Nontheless, the major uptrend is far from over as the market still have yet to fullfill our Wave 4 characteristics.
HTF: Uptrend
LTF :Downtrend
Short : 2061-2080
SL : 2092
TP : 1938
*This shall not be treated as a financial advice. Trade at your own risk.*
The last trading session on the day had closed the week with bearish engulfing candle. As such, we shall foresee another big movement towards new lower low beyond 11th Dec value of 1972.
Nontheless, the major uptrend is far from over as the market still have yet to fullfill our Wave 4 characteristics.
HTF: Uptrend
LTF :Downtrend
Short : 2061-2080
SL : 2092
TP : 1938
*This shall not be treated as a financial advice. Trade at your own risk.*
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