21/12/28 - Gold started its next bearish impulse Hey Trader,
please see my latest idea on Gold. We finally hit our target from our longs and based on the current price action I am confident with my second scenario for the midterm Gold cycle.
I am very confident that we will see prices way above 2000 Dollars, but before that I am expecting 1750 - 1640 area first in order to grab the liquidity we need for the last wave 5 in Gold in order to hit new all time high's.
I entered my short positions based on the knowledge that wave 2 needs to retrace at least 50% of the first impulse. As I saw this 3 waves pattern building up I decided to not wait and enter there in order to hold my short swing for midterm.
Please keep in mind: This idea represents just my opinion and my technical expertise.
I am open for feedback if its constructive and reasonable. Let me know what you think
For further informations please see below.
RT
