GOLD: Still one more wave v) to 2200? wave iv) triangle ?
Market Commentary:
1. I am looking for wave v) to 2199-2205 and we are in wave iv).
2. Its looking like a triangle for me...so as per safe side we need to enter above?2180 with SL 2150 for the TP 2200.
3. But RR is not looking good...so I am taking risk for 16 $ for the TP 33 1:2 RR here.
4. Once the completion of this wave I am looking for a bearish trend may be 1890...or again bounce to 2220 as a ending diagonal pattern....
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS