• Home
  • US Market Updates
  • Education
    • Beginners Video Course
    • Intermediate Video Course
      • Syllabus of the Course
    • Trading Like A Pro Video Course
    • Video Lesson of the Week
  • Blog
  • Chat Room
  • Pricing
  • FAQ
Menu
  • Home
  • US Market Updates
  • Education
    • Beginners Video Course
    • Intermediate Video Course
      • Syllabus of the Course
    • Trading Like A Pro Video Course
    • Video Lesson of the Week
  • Blog
  • Chat Room
  • Pricing
  • FAQ

GOLD - one more rally to 1,330+ is a good spot to hedge longs

This morning gold has gapped up right into my red target box from the chart I posted yesterday.

At this point any meaningful pullback in wave b down may be bought to ride anther push up in subwave c of v of ( iii ). Once we reach 1,330 it would be a good spot either to partially unload longs or get some short term hedge because we should get a pullback in wave ( iv ) down targeting at least 1,283. But the most reasonable target fr the pullback is 1,276 – 1,273.

GC - 120 min chart updated on 29 January 2019

Learn to predict the next market move with my video course
Check out my latest updates
Tags
$ES $SPX a-b-c- up pullback a-b-c up Bearish reversal Bear Market Rally Bitcoin Bottoming Breakdown breakout Bullish Wedge Crude Oil Daily Double Three DXY ES Expanded Flat Expanding Triangle failed breakdown failed breakout Green Box Head and Shoulders i down - ii up setup Inverse Head and Shoulders i up - ii down setup Macro micro Month Opening Range NQ one more high one more higher high Red Box RTY Running Flat S&P short setup SPX topping toppying trading setup triangle Triple Three weekend Weekly YM
Read my Blog

  • My Account
  • Login
Hestia | Developed by ThemeIsle