MANGDANA

Does Gold doing wave C? part 5

MANGDANA Atualizado   
OANDA:XAUUSD   Ouro/Dólar Americano
Accordion to the previous idea, To enter the Buy/Long position, wait for the price action of around 1670$ which breaks the previous high (Breaking Market structure), after confirming by continuing price action (Three insider 4H), The price was rising with fast, high volume and end with the full bullish body (4H), To enter next position, you can enter again. About the price target (Too late for now), the First target is 1772$ which is 138.2% of A, But sub wave makes something like a small X wave, and the market mood seems so hot the price can go around 1798$ which is the second target of FLAT (Elongated Flat)
XAUUSD
About the next small wave in x wave correction, FLAT ZIGZAG or TRIANGLE still not happen, need to wait.
Trade ativo:
The first target is reached 1772$ wait (Exit Long/Buy Position), wait for Price Action, If you have multi position, The next target is around 1798$ (But risk more than $1772)
Trade ativo:
I think the price will reach 1800$ (Retest), And may can't stand here, But thing can happen, wait for the price action.
Aviso legal

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