The gold futures price has made a U-turn as it didn't trigger Triangle's invalidation at $3,300
This bounce back could be a harbinger of wave 3 within the larger degree wave 5
It will be confirmed once upmove breaks above the top of wave 1 beyond $3,534
I erased the complex correction scenario as the price might be taking off right now
I added the breakdown of the upcoming large wave 5 into smaller 5 waves inside
Target range remains intact between $3,900 and $4,300
This bounce back could be a harbinger of wave 3 within the larger degree wave 5
It will be confirmed once upmove breaks above the top of wave 1 beyond $3,534
I erased the complex correction scenario as the price might be taking off right now
I added the breakdown of the upcoming large wave 5 into smaller 5 waves inside
Target range remains intact between $3,900 and $4,300
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.