GOLD: Bullish Wave 5 in Play?

While waiting for completion of our impulsive structure (see chart below), from a technical point of view, it is possible to follow some speculative trade. In this case, we can try to take a long position with a stop loss somewhere below yesterday's low. This is a high risk trade, so it would be a good choice to use a small size.

(Click and Play on chart below)

Trade with care
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🔴 Hezbollah: It's a speech that is both anticipated and feared. Today, at 3 p.m. Lebanon time (9:00 a.m. in New York), the leader of Hezbollah, Hassan Nasrallah, will speak for the first time since the war between Israel and Hamas began on Oct. 7. CAUTION!!!