Gold Spot / U.S. Dollar
Updated

Wave v of 3 seems to starting-Buy opportunity

159
Main:

Entering Buying Point 1,309.79$.
Indicator Bottom/StopLoss : 1,304.30 $.

Targets/Ratios:


*Mimimun Target: 1,330.79$
R/R Ratio:3:83

*Middle Target (Wave v truncation):1,356.60
R/R Ratio: 8:53

*Wave v Typical Target: 1,382.00 $.
R R Ratio: 13:15

Note
Stop loss breakeven.
Note
I am waiting for 1,288/1,286 zone to be reached.This is the last chance that have this pattern to be a Wave iv.(despite a little overlapping *)then the Wave v of 3 Targeting sequence can be restarted.

If 1,286.00 is broken down, we´ll be before a bearish pattern already on going.

* Modern EW Theory allows overlapping < 0.23 of (Wave 1- Wave 0).

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