huseyin.karagozoglu.1

huseyin.karagozoglu.1

Gold is making its C.4 wave ,which has begun from the 1182 bottom.Now we are in the C.4.B wave.This wave began in 1388. And from 1345 the Y wave of this C.4.B wave has begun.So we are in the C.4.B.Y wave.In my graph you see the inner structure of the Y wave. We are just making the Y.c.4 wave . So the overall wave count from the record high is as follows: ...

huseyin.karagozoglu.1

According to my wave count ,gold makes its C wave beginning from its B wave top of 1795.And we are in the 4. subwave of this C wave. And again we are just making the b wave of this 4. wave,which may result with a bottom either under the 3. wave bottom 1178 as a flat 4. wave correction or maybe result with a zigzag correction, without reaching the 3. wave...

huseyin.karagozoglu.1

My wave count is stil in progress..1705 zone is acting as a resistance,so I opened new shorts at 1705,waiting for the TP=1660 level... SL=1712.....R/R= 450/70=6.42... very good reward/risk ratio...lets see...? Short...

huseyin.karagozoglu.1

My forecast for gold; in short term to 1705 to make the 4. wave swing high..afterwards the 5. wave towards 1660 level in maybe a few days...so waiting for the 1705 level to open my short position...this 5.wave is the last leg for the downcoming wave from 1795 top...