Gold futures eyes $2,577 in acceleration of upside impulse
A pullback in yellow wave (2) almost hit 61.8% of yellow wave (1).
Now we see the strong minor impulse to the upside.
It can be a part of large yellow wave (3).
The target is projected at the distance of 1.618x of wave (1) with aim at $2,577.
Watch how price breaks above the top of wave (1) beyond $2,086
Risk/reward is 1:2.5, one could get it better if goes on a lower time frame and buys on
minor pullback following minor wave 1 of (3).
Do you see gold futures touching $2,577?
Now we see the strong minor impulse to the upside.
It can be a part of large yellow wave (3).
The target is projected at the distance of 1.618x of wave (1) with aim at $2,577.
Watch how price breaks above the top of wave (1) beyond $2,086
Risk/reward is 1:2.5, one could get it better if goes on a lower time frame and buys on
minor pullback following minor wave 1 of (3).
Do you see gold futures touching $2,577?