owlswift_fx

Gold eyeing 1950

Pembelian
TVC:GOLD   CFD pada Emas ($AS/OZ)
Price has been bearish for the last 5 days with strong momentum, it has tapped into a breaker block at 1957 and its showing some bullish momentum which I believe would push Price back to 1945-1950 region to retest a supply zone.

DXY has shown weakness has Price is moving with high bearish momentum which should push GOLD higher in the coming week.

Elliot Wave
I believe Price is correcting downwards on the daily, and it is currently printing out wave B of a zigzag pattern which would end at 1780-1800. At the moment we should see Price push up back to 1950 to complete the smaller wave c of the complex wave B

I would advise looking out for buying opportunities

So, I am buying up to the first TP at the supply zone drawn with SL at the bottom of the demand zone.

This is a long term trade. RIsk Management is advised

I would love to hear your thoughts πŸ€” on this, so feel free to leave a comment ✍.

Please like πŸ‘β€ this idea πŸ’‘ if you agree, and follow me for more updates ❕❕❕

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