Tuesday, February 21, 2023

My view on #GOLD. Correct my analysis. I am in a learning phase

Hello Traders!

1. We see a 5-wave impulse down which had been expected a long time coming.

2. Now there is an expected correction upwards from the market.

3. We have clear strong support and resistance.

4. Breaking of the Trend line should confirm our entry. The break of waves 2-4 trendline mostly marks the confirmation of the beginning of the correction.

5. Be smart with your risks. Trading a correction is very risky and is not advised for beginner traders.

Do use proper risk management.
Happy Trading!

Gold long move

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