bigboyzaid

Gold ready to sell for last Y wave before big buy!!

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold has completed its X wave and is now on the Y wave hopefully complete the 4th wave of a 12345 impulsive wave. Once the 4th wave is complete (targeting blue box), I will be looking to buy long term for the 5th wave, which could potentially take our current highs. Looking to enter short once 1hr supply has been consumed and enter on a S AND D flip. Stops may get taken out so I suggest placing stop above current high to allow market to breath. I will be holding. Possible entry for next week.
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.