GOLD ANALYSIS. LOOKING TO SHORT!

Hello Traders

Currently we are forming subwave 4 in our bearish motive.

We are expecting price to reverse at our 0.618 fibonacci level now as we can see a trendline and our DAILY EMA here.

We are also expecting price not to surpass our wave 4 invalidation box which is where we will place SL's.

Trade active:

Initial zone hit SL. We entered on our wave 4 invalidation level where we got a perfect short and rectified our first entry hitting SL!