sillyFACEEE

sillyFACEEE

I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I...

sillyFACEEE

The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately...

sillyFACEEE

According to my previous analysis, the graph significantly shows that it is zigzag correction as expected due to the fact that wave "blue B" retraced only 0.618 of wave "blue A". Therefore, the next possible move of the gold price is the movement from wave "blue B" to wave "blue C". In my opinion, wave 1 in blue B --> blue C has already ended, so now we are...

sillyFACEEE

Since wave "blue B" retraced <61.8% of wave "blue A", could it be correction zigzag? Personally, I believe that the gold price will still go down to at least 0.382 of the fibonacci level and that's my target to close all my short positions. Additionally, the possible lowest target could be 1722 or 170X or 1682 or could be something between. Don't forget to do MM...