i guess the buying time will be in the next week when daily and weekly macd trend up? what u say?
May be , This is Midterm wave , so it need some time , i can't determined wave by time but in normal it will take 2 weeks to get our target
so what , what u see is a Midterm ELLIOT waves , Wave D as any other corr wave have to come in 3 waves ( 2 inpulse + 1 corr ) , we now in wave 2) looking for our entry as in my last chart , there is a stop area will not brake it 1375.5 is he upper area of he strong support to set our low of wave 2)? any daily close 0000 GMT below 1353.5 exit ur position if u planning to run with me , hen wait for our TG 1560 at least ,which have o be wave 3)?? in the big corr wave D , in my next comment i will up lode a chart to be more clear , how i see it
sure market is bearish , i'm looking for a reversal to run with a corrective wave , u right , my trade type is to catch the wave from he beginning as u see in my analysis , that is always my way , diff then u as i see u respecting the market direction and u think only in a trend way and of course that is right too and another trade type , anyway when we be at 1560 i will telling u
check out the daily chart. making a triangle. max it will hit 1485 in next 20 days in 2 months might touch 1560. but The question is NOW where we sholud get LONG? around 1341? any ideas with solid reasioning?
Hello Amjad - I have no idea how you experienced traders go about predicting price. My opinion is probably worth no more than the proverbial 2 cents, but here it is. Today's bar was strongly bullish as if Gold was being sold until the last minute. My immediate level of interest is 1323. with USD continuing to show strength this is a wait and watch situation for me, to see what if anything will change in the strength of Gold or USD.
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