📈 Gold Dilemma: Navigating Unexpected Turns

12 Des 2023

Unfortunately, Gold has taken an unexpected turn, deviating from my initial expectations. It appears that the previous upward impulse might be an extension of Wave 1. To maintain my bullish outlook, it's crucial for us to remain above $1810; any breach below this level would invalidate the bullish scenario. However, if our interpretation aligns with a Wave 2 scenario, then a strong Wave 3 is on the horizon. In such a case, targeting the Weak High becomes pivotal. As a risk management measure, I've placed my stop-loss below the 78.6% Fibonacci level. 📈✨