Idea for Gold @ 7th Nov. 2023

I supposed that we are in the countertrend pattern, which is wave B with big degree

and the current move can be sub-wave c and it can be devided into 5-waves

OR have an correction wave of sub-wave abc to labelled sub-wave c as wave B

But currently the movement is single leg mometum, there is no retracement, so I don't draw the 2nd scenario on the chart.

the target where I look into, 1st is breaker, last one is fair value gap, 2 POIs that I am instersted in.

評論:

The first target is coming...

評論:

Good Profit, the 1st target is hit