Gold: Still On Bearish Wave 2

I still see gold in process of forming wave A of 2 with A in impulse form. Using Fibonacci Extention we can see that price is rejected on 1.236 level, therefore next sell level is on 0.764. However I use more conservative approach by measuring end of wave iv of 3 using Fibonacci Retracement on 1.618 level. Trade safe, don't forget to use proper ratio and stop loss.

Operación activa:

Accumulate on 2047 which is the new 1.618 area and marks the end of wave 4. Stop loss zone is 2053-2061. Let's see if we can ride this.

Operación cerrada manualmente:

Closed with profit more than 150 pips