Short setup in gold

已更新
Hello traders,
I am expecting these two scenarios in gold based on the corrective structure which gold is drawing the last 6 weeks. Option 1 is a triangle which should finish in the 1299-1301 area. Option 2 is a flat correction which is more complicated and should finish somewhere in 1307/9 - 1314/6 area. I'll keep updating as we go. My mid term targets are 1255, 1234, 1209.
註釋
Zoom in 快照
註釋
Lets see which way we go 快照
交易進行
First short activated at 1299 快照
註釋
SL is now on BE. Risk free trade. Tgs 1280, 1272 快照
手動結束交易
Trade closed at 94 because North Korea fired a ballistic missile again.
註釋
Pending shorts removed for now. I'll update this idea if anything changes.
Elliott WaveSupply and DemandTriangle

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