03.08.2023 11:14 AMFollowing a five-wave correction, gold tested the level where there was a breakdown in early July, to which there was a positive reaction. Data on the US labor market may become a catalyst for further growth.
Considering the three-wave (ABC) pattern where wave "A" represents the upward movement seen in early July, market players could open buy positions up to the 50% retracement level. Also place positions on smaller time frames, with take-profit on the breakdown of 1985.
This plan came from the framework of the Price Action and Stop Hunting strategies,
Good luck in trading and don't forget to control the risks! Have a nice day.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
