Gold C wave up to test max valid fractal ratio limit for a (iii)
The 32.20 resistance level was taken out. The rocket blast-off NFP candle reveals a confluence resistance at 49.04.
The trade here is Bullish until 49 and then very Short bias for the wave (v) down to lower lows with buy stops behind the spike highs at 60.15. What's nice is that wave (iv) up is likely to not drag out forever.
The trade here is Bullish until 49 and then very Short bias for the wave (v) down to lower lows with buy stops behind the spike highs at 60.15. What's nice is that wave (iv) up is likely to not drag out forever.
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