footprint of gold prices
Updated
a plan to follow the footprint of the gold price:
chart simulating the plan and pattern for the ELLIOTT wave in gold price.
-price increases complete the impulse wave (3)-red. price range 2800.
Then adjust quickly and strongly to wave (4) red - 2605.
Is a 2000 pip profit opportunity in November coming our way?!
Trade active
warning!
I think gold will fall further, 2605 is just the first target. There are different scenarios, the price drops to 2575-2500 (even 2400)
- Recommendation: do not take profit on selling orders, do not open new buy orders (even if it is scalping)
- Wait: we will have a big profit, and there is a super profitable buying opportunity at the end of the correction wave.
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