Gold Week 13-07-2019

Weekly Chart (08-07-2019)

Gold in C correction (cycle level)

the gold is still in bullish consequences as you see at the chart wave C still in progress furthermore wave ((3)) didn’t finish till now.

 4 hours Chart (08-07-2019)

the best place to buy the gold is determined at that chart. we are waiting wave 4 at Fibonacci retracement level 38.2% or the equal leg of wave ((a)) that will end at wave ((c)) as marked at chart below. 

conclusion:

1- buy at (1374.876), stop lose at (1335.086), and take 1 profit target at (1453.732).

2- don’t forget to move stop lose to the entry level after bouncing 50% of wave 3 – 4

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