Gold could retest $1237

Gold was falling for a long time without a good pullback.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.

Note

Note

Think of moving stop to breakeven

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zoomed

Note

correction deepened and became more complex

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gold failed to break the earlier top of wave A
so we got another leg of correction to the downside

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Triangle was broken down - return to classic flat

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the last wave unfolds and the target area is shown in the chart between 1235 and 1250

Trade fermée: cible de profit atteinte

aibek

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aibek