Bat didn't work out very well, didn't it?
Now we have big big big red candle ripping through previous supply level.
Well, is it the end for Gold?
I don't think so.
We can see clear wave structure forming from the very bottom and it seems as though we are in potential wave IV.
Hence, here's our trading plan!
We will wait patiently for 1287-1293 area.
Any bullish sign occur hear might carry significance as we are in clear 3 wave structure which is the first leg of "Possible Flat".
If this wave breaks lower 1280's... Well that's another loss. But huge Profitability in this trade!
Good luck!
Now we have big big big red candle ripping through previous supply level.
Well, is it the end for Gold?
I don't think so.
We can see clear wave structure forming from the very bottom and it seems as though we are in potential wave IV.
Hence, here's our trading plan!
We will wait patiently for 1287-1293 area.
Any bullish sign occur hear might carry significance as we are in clear 3 wave structure which is the first leg of "Possible Flat".
If this wave breaks lower 1280's... Well that's another loss. But huge Profitability in this trade!
Good luck!