20200301 - Gold Setup Idea

Gold has reach weekly resistance with price 1690.00. It's the highest price since Feb 2013.
If we check the month eliot wave, its seems that it's already move into the 5th wave.
It might indicate that there will be a correction to the downside.
We are waiting for the setup where the price will go to fib 61.8 which align with 3rd touch of the trendline.
The risk reward for this setup is 1:7.