I think we could finish wave 4 (or b) this week, so pay attention to prices between $ 1282 and 1280.
If this support stays, then we could see further rising courses.
If this support stays, then we could see further rising courses.
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At this moment I thank the person who gave me that one like for my work.
But more likes would - of course - be much more enjoyable ;-)
But more likes would - of course - be much more enjoyable ;-)
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As long as on Time Frame H4 the SMA 4 stays above SMA 14 I would not short gold.
Blue circles should gold still reach even if it drops a bit again.
Blue circles should gold still reach even if it drops a bit again.
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First Target reached!
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Next Week could be short 1324,41
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Gold will be ready for short in the same time when USDJY is ready for long.
For orientation here's the USDJPY Chart - posted on March 8th.
For orientation here's the USDJPY Chart - posted on March 8th.
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March 7
and now
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I go short at 1326
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At 1326 it would be the second short.
One Position short was already activated at 1324.
One Position short was already activated at 1324.
Condition: no break and close under 1280 on a weekly basis.