Gold had a good run up from ~1600 levels to ~3500 level.
It seems to have completed Wave3 and has ended week with Shooting start candle.
Invalidation :
This view of correction is invalidated if Gold closes above 3500 as part of weekly close.
The correction time period may be around 6~8 months.,
It seems to have completed Wave3 and has ended week with Shooting start candle.
Invalidation :
This view of correction is invalidated if Gold closes above 3500 as part of weekly close.
The correction time period may be around 6~8 months.,
Trade active
Gold just broke its lower degree 4th wave, so the down fall should accelerate a bit nowNote
Gold seems to have completed its final wave and is ready to fall, it is a multi month target, so will take timeNote
Gold has stretched its Wave-3, we will discard this view and I will publish new view once charts confirm my understanding.,Order cancelled
view went wrong, will publish new view based on price action confirmations
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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.