JuliusFx

JuliusFx

Shorterm view on gold. Check related idea linked to this idea

JuliusFx

we are expecting the minor trend in blue to be down such that prices could tag 1120 area labelled "X" in blue. Check the related chart idea below this idea. If tagged, that would mean we would probably have finished wave intermediate (B) in yellow where we expect the trend to change and turn up

JuliusFx

we expect a drop in XAUUSD

JuliusFx

either the current wave is an "a" of a potential zigzag in the short term or an '"x" for an "z" movement downwards before we see some improvement in price...but overall, the right side a trader can take is a short based on our minor and primary trend expectation(see related chart below)

JuliusFx

based on the minor trend, we shall be selling the pair when our strategy suggests its time to go in

JuliusFx

we looking for buys coming week

JuliusFx

wait for break and then sell

JuliusFx

We favour sells in gold at 1196.88 and stops at 1206.00 targets