Hello everyone,
last analysis has been a while, I hope everyone is doing good during those tough times.
As you can see Gold has been very impulsive to the bearish side. I think that we are done with our 1-5 impulse and I am therefore looking to hold my longs towards the $ 2000 area. If my count is correct it is very likely for Gold to retrace at least 50% of the bearish movement with 61.8% being more likely.
A stop could be considered under the previous low.
If you need further information, please see below.
Good luck everyone and a profitable week.
RT
last analysis has been a while, I hope everyone is doing good during those tough times.
As you can see Gold has been very impulsive to the bearish side. I think that we are done with our 1-5 impulse and I am therefore looking to hold my longs towards the $ 2000 area. If my count is correct it is very likely for Gold to retrace at least 50% of the bearish movement with 61.8% being more likely.
A stop could be considered under the previous low.
If you need further information, please see below.
Good luck everyone and a profitable week.
RT
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.