Gold Continuing Uptrend

Hello traders,

Gold price rejected $2000 again on Friday session. Until next week, we could see the price start rally again to wave 3.

Alternatively the price could continue the correction move to 1958-1975 area or 1888-1934 area as shown on below chart

Сделка активна:

Looks like wave 1-2 has taken place and we are in the beginning of wave 3. I will take a long position with SL below 1934.

Сделка активна:

A bit of update from previous trade. Gold is moving up and down for a while and i expect the price to keep moving in a triangle correction. Invalidation still the same below 1934.

Сделка закрыта вручную:

Almost hit the target but i will close this trade at 2050