Betterbocek

Last Call for Gold. Target: 3500 or 5000 usd

Long
FX:XAUUSD   None
After the ABC correction wave, the impulse waves begin. Breaking the 2075 peak will be evidence of thrust waves. Here 2 realistic targets are 3500 usd and 5000 usd. However, the recent impulse waves tend to be prolonged in the commodity markets. Therefore, the price of 5000 usd will not be a surprise. Wait for the breakdown of 2075 usd for safe trade. There is also a potential reverse shoulder head shoulder formation here. And remember: many buy-side trades open when impulse waves break the previous high. Therefore, they can make a shock correction after the breakout of the 2075 high. But this would be a short shake-up operation. When you need me, just say my name. If you're wondering what my name is, I can't tell you. Good luck.
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