DislikedHey guys, whats up? I am just jumping around a litlle and decided to put some gold chart in thsi threat.
This gold has been pretty tricky since the new yearly lows. Fisrtly I was looking for a possible a-b-c-d-e triangle in wave II. But now when are prices down at 76.4% Fibo support looks like we have the zig zag correction with the irregular b. The fisrt signs of the bulls could already be here as the market broke the trend lines. But I suggest you to be patient, form my experineces, market always need a lot of room around this 76.4% support, because it can happen that it wont tested thsi leve only once. However, the risk and award is loking pretty good...
If the oil breaks the support at $70 and euro pushes below 1.3350 then we may also see new lows on the gold...But in this situattion I am hopping on flat on the gold, because otherwise I will need to change my wave count, cause this one will be invalidated.
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good to see you here.