Gold - AB=CD ------ TRADING PARAMETER INCLUDED

Price is likely to hit the PRZ and go up to 1336 area ( 1336 area would also be the 61.8 level retracement from the top). Furthermore if price does stop at the 618 level (1336 area) then we will see it drop to about 1264 and thus complete a Harmonic pattern. Let us not however make a mistake on an assumption, DO NOT sell off at 1336 until we reach this area and evaluate what price action is ready to do. For now follow the following parameters.

BUY LIMIT - 1296.30
SL - 1282 (~1400 PIPS)
TP 1337 (~4100 PIPS)

Orden cancelada:

never hit entry level