Gold Still In Bear Market
AD Financial Corp. | Dec 11, 2017 07:56AM ET
The Gold still in clear bear market .The lowest level reached Thursday 1243.70 is very close to 1.618 X (1) projection at 1242.66 which is the ideal target for wave (3) of C, with a possible extension toward 1224.90- .
If wave (3) ends near 1242, and upside correction will take place toward 1258-1262 as wave (4) before resuming downward to complete wave (5) of C.
TRADING TIP:
If you didn't ride the downside move on flag breakout, it is better to ride it near the end of wave 4 to benefit from the downward move of the wave (5) of C.
Notes
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*(C)=(A) at 1208.70 *Previous bottom at 1204.50
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