GOLD:
The idea for Investment point of view--
As per Elliott I have marked my numbering & shared it here..
Here wave 1 got terminated at the 32500 level & wave 2 got retraced till 26925, where it tested recent support.
Wave 3 is in extended mode and got terminated at 56298 & wave 4 got retraced till 44073 ( as I am monthly TF, so I am expecting simple corrections) & currently I am in wave 5
Projections as per fibonnaci--
wave 3 got super extended as shared (extreme bullishness), and wave 4 got retraced to 38% level.
Now, let's talk about recent resistance & projections--
Resistance, check TL and if we talk about projections it should be somewhere above 38% to 61% extended till 100% , both chart shared.
The idea for Investment point of view--
As per Elliott I have marked my numbering & shared it here..
Here wave 1 got terminated at the 32500 level & wave 2 got retraced till 26925, where it tested recent support.
Wave 3 is in extended mode and got terminated at 56298 & wave 4 got retraced till 44073 ( as I am monthly TF, so I am expecting simple corrections) & currently I am in wave 5
Projections as per fibonnaci--
wave 3 got super extended as shared (extreme bullishness), and wave 4 got retraced to 38% level.
Now, let's talk about recent resistance & projections--
Resistance, check TL and if we talk about projections it should be somewhere above 38% to 61% extended till 100% , both chart shared.