Dear all traders,
My view on gold does not change. My target on gold in short term (in May 2020 to June 2020) would hit to 1806$ per ounce. I want to explain why I predict the target 1802$.
Gold broke out of the classic triangle pattern was set up among April 2020 to hit 1765$ per ounce on May 18 2020.
I suppose the wave 1 started at 1698$ per ounce and ended at 1765$ per ounce. Gold pulled back to test 1730. The support 1730$ per ounce seem to have been accepted and rebounded to hit 1750$ per ounce.
I believe in the wave 1. I also believe in the wave 2 was done at 1727 (50% of the wave 1) that lead to the wave 3 would touch 1802$ per ounce. I has bought gold at 1700, and added more gold at 1730 yesterday. I set up the stoploss level at 1710$ per ounce for all my orders.
If you liked my idea, please like and subscribe to my profile.
My view on gold does not change. My target on gold in short term (in May 2020 to June 2020) would hit to 1806$ per ounce. I want to explain why I predict the target 1802$.
Gold broke out of the classic triangle pattern was set up among April 2020 to hit 1765$ per ounce on May 18 2020.
I suppose the wave 1 started at 1698$ per ounce and ended at 1765$ per ounce. Gold pulled back to test 1730. The support 1730$ per ounce seem to have been accepted and rebounded to hit 1750$ per ounce.
I believe in the wave 1. I also believe in the wave 2 was done at 1727 (50% of the wave 1) that lead to the wave 3 would touch 1802$ per ounce. I has bought gold at 1700, and added more gold at 1730 yesterday. I set up the stoploss level at 1710$ per ounce for all my orders.
If you liked my idea, please like and subscribe to my profile.