Wave 5 extension in the Gold (XAU/USD) that make traders rich
You can see in the chart 5th wave is extended and it is a Fibonacci 138.2%(0-3)The beauty of the extended 5th wave is after the extended 5th wave price falls rapidly upto the 2nd wave of the 5th wave which comes near 1775
So I am given the target of the fall is up to 1775. then I have forecast inverted flat correction up to 1844 with a low of 1749.
One more leg from 1844 to 1664 will be the final wave. Here levels may vary here and there but I am trying to tell you the psychology of traders once you think the uptrend, will fall, once you are convinced the downtrend, will go up.
So I am given the target of the fall is up to 1775. then I have forecast inverted flat correction up to 1844 with a low of 1749.
One more leg from 1844 to 1664 will be the final wave. Here levels may vary here and there but I am trying to tell you the psychology of traders once you think the uptrend, will fall, once you are convinced the downtrend, will go up.