Scenario 1
last week's prediction was a drop from 0.71 fib level but the market extended to .786 and dropped from there, it was a great sell. early next week if the gold slowly and correctly go up then another drop will flow to that low.
Gold will manipulate a lot so wait for the setups and conformation to enter, risk small and always use SL.
the reason for this drop, but this wave theory, impulse - correction, and another impulse will flow.
last week's prediction was a drop from 0.71 fib level but the market extended to .786 and dropped from there, it was a great sell. early next week if the gold slowly and correctly go up then another drop will flow to that low.
Gold will manipulate a lot so wait for the setups and conformation to enter, risk small and always use SL.
the reason for this drop, but this wave theory, impulse - correction, and another impulse will flow.