Gold ew updates
Gold is recovering from lows of 2835.
It has made an implusive pattern from bottom and 1st wave is having gaps.
wave 3 slow in this pattern compare to its nature. which creates doubts
wave4 is abc correction and about 38.2 correction and wave 5 is completed
at 38.2 extention. Only drawback in this pattern is no wave is extended.
This pattern can also this pattern can also turn out to be a WXYXZ pattern,triple zigzag
In this case price has to fall big to the start of wave. Only problem with this is 5th wave
is single wave, means one upside move is pending.
That's see how it turns out
It has made an implusive pattern from bottom and 1st wave is having gaps.
wave 3 slow in this pattern compare to its nature. which creates doubts
wave4 is abc correction and about 38.2 correction and wave 5 is completed
at 38.2 extention. Only drawback in this pattern is no wave is extended.
This pattern can also this pattern can also turn out to be a WXYXZ pattern,triple zigzag
In this case price has to fall big to the start of wave. Only problem with this is 5th wave
is single wave, means one upside move is pending.
That's see how it turns out
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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.
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.