2204 4h Plan Gold to sell from pressure zone
Hello traders
GOLD yesterday Wednesday, gold seems like pushing price to finish a final wave on this 4h chart. Don’t forget this pressure line on 4h chart. By this line, it make gold’s last impulse leg so short and very easy to be pressured from there.
And if you check it like this three arrows , you can understand what I am talking about. Each arrow or impulse leg on also has their lower level five waves inside. And after such long-term five-wave swing, gold is possible to pull down for a deep correction. All those supports are still above fibo 50 on daily swing.
So nothing is impossible. Go back to 4h chart, plan on gold today is waiting for confirming signal to sell for a potential RR >5 by targeting support 4 position. After that, maybe next week we could plan to buy on those support zone.
Good luck!!
Dont forget to support me with likes or comment down there.
LESS IS MORE!
GOLD yesterday Wednesday, gold seems like pushing price to finish a final wave on this 4h chart. Don’t forget this pressure line on 4h chart. By this line, it make gold’s last impulse leg so short and very easy to be pressured from there.
And if you check it like this three arrows , you can understand what I am talking about. Each arrow or impulse leg on also has their lower level five waves inside. And after such long-term five-wave swing, gold is possible to pull down for a deep correction. All those supports are still above fibo 50 on daily swing.
So nothing is impossible. Go back to 4h chart, plan on gold today is waiting for confirming signal to sell for a potential RR >5 by targeting support 4 position. After that, maybe next week we could plan to buy on those support zone.
Good luck!!
Dont forget to support me with likes or comment down there.
LESS IS MORE!
Comment:
New video on Gold.
