Gold 240 trading "The Path of Least Resistance"
Gold is in a daily corrective structure ,making a leg to the up side .
This 240 up move has so far made two impulse and seems to be in a correction now,
I will wait for the correction to finish (if is a correction ) and then take the trade in the direction of the trend ,buying the next impulse off the 618 fib if the correction has a 3 wave pattern or on a break out if the correction is a triangle .
I like to go with the fast impulse and not the correction which could put you on a roller coaster and never get to your target if you are in the trade.
Thank you for your AMAZING SUPPORT !! I very much appreciate it and please keep LIKING and commenting !
This 240 up move has so far made two impulse and seems to be in a correction now,
I will wait for the correction to finish (if is a correction ) and then take the trade in the direction of the trend ,buying the next impulse off the 618 fib if the correction has a 3 wave pattern or on a break out if the correction is a triangle .
I like to go with the fast impulse and not the correction which could put you on a roller coaster and never get to your target if you are in the trade.
Thank you for your AMAZING SUPPORT !! I very much appreciate it and please keep LIKING and commenting !
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Training : add to skype mangal457
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
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