#XAUUSD- Multi-17,57-plication possible? #gold #tradingview

3 сент. 2020 г.

#GoingForAGamble?

Gold should finish the abcde correction today and completing correction wave (iv). Now, according to the Elliott Wave rules, the commodity typical expanding wave 5 should start.
The target range is USD 2,407.25 (+/- 20 dollars).
SL has to be set to the low of wave c (1.902,84 USD) because wave e should not reach wave c anymore! (See Chart)
At a current rate of USD 1,930 per ounce of gold, this results in a very clear plan and a Risk Reward Ratio (RRR) of 17.57 to 1.
If the trade works out, the next lunch + drink would be financed and maybe there is enough for a starter and dessert ;-)

Well prepared and greetings from Hannover, Lower Saxony

Stefan Bode

8 сент. 2020 г.

Сделка закрыта: достигнута стоп-лосс цена

-0,43 R