The best gold trading signals live presented by free forex signals
sell @ 1726
Take profit @ 1626
Stop loss 1776
type order Market Execution is entering this trade at any price from 1726
forex trading signals and analysis of gold price
waves in the same direction will tend toward equality so we expect gold will decline to 1650 to establish bearish wave equal previous bearish wave from 1747 to 1660 in case Wave C = Wave A The most common Waves equality
but Current surrounding Repetitive pattern are expanded flat Wave C = 1.618 Wave A SO we expect gold price will decline to 1600
on less Wave Degree – current bullish wave determine the end of the pattern and Consists of bullish zigzag first leg from 1660 to 1706 second leg from 1693 to 1738
Trend continue till gives reversal forex signals and the reversal forex trading signal is gold prices formed lowewr highs and lower lows
History Repeats Itself and Price habits or that the future is just a repetition of the past
The length of the bullish movement from level 1660 to level 1738 appeared before on price chart at 9-5-2017 while gold prices rised from 1215 to 1296 and followed by bearish movement ended below previous bottom and formed sideways movement
surrounding Repetitive pattern before that movement Wave C = 1.618 Wave A expanded flat
We expect price will repeat the same movement again and gold price will go down below 1660
The equal waves in the same direction have equal corrections and the current bearish wave will continue to 1500
Maybe the correction equal only one wave of previous correction in this case gold will decline to 1600
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