Gold Future - Elliott Wave (Update)
Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ?
The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv)
Trade Strategy :
The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement.
Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌
The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv)
Trade Strategy :
The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement.
Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌
TradingX30
Y.F
Y.F
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