Buy gold now to take the wave 3 at 1802$ per ounce
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Dear all traders, My view on gold does not change. My target on gold in short term (in May 2020 to June 2020) would hit to 1806$ per ounce. I want to explain why I predict the target 1802$. Gold broke out of the classic triangle pattern was set up among April 2020 to hit 1765$ per ounce on May 18 2020. I suppose the wave 1 started at 1698$ per ounce and ended at 1765$ per ounce. Gold pulled back to test 1730. The support 1730$ per ounce seem to have been accepted and rebounded to hit 1750$ per ounce. I believe in the wave 1. I also believe in the wave 2 was done at 1727 (50% of the wave 1) that lead to the wave 3 would touch 1802$ per ounce. I has bought gold at 1700, and added more gold at 1730 yesterday. I set up the stoploss level at 1710$ per ounce for all my orders.
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