BeerTrend

Gold finishing wave "e". Prepare for falling

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Good afternoon fellow traders. We have just finished wave "d" from abcde at 1805. The next is wave "e" which can go as deep as 1620.
Harmonic butterfly also completed at 1.618, so there is a good chance of a fall.
please take a look at TP points. For SL i would place around 1825.
Good luck
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.