Gold price rejected $2000 again on Friday session. Until next week, we could see the price start rally again to wave 3.
Alternatively the price could continue the correction move to 1958-1975 area or 1888-1934 area as shown on below chart
Trade active:
Looks like wave 1-2 has taken place and we are in the beginning of wave 3. I will take a long position with SL below 1934.
Trade active:
A bit of update from previous trade. Gold is moving up and down for a while and i expect the price to keep moving in a triangle correction. Invalidation still the same below 1934.
Trade closed manually:
Almost hit the target but i will close this trade at 2050
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