GOLD FROM 1122 WHAT'S GOING ON SO FAR!!!
As 1122= A, B=1295/6, C=1205 & D= 1388(AB=CD)/1437(127%)/1500(162%), However D failed to complete AB=CD @ 1388, therefore from the C leg= 1205:
IF A=1205,B=1357,C=1237 then D=1409(100%)/1430(127%)/1483(162%) and also from 1237:
IF A= 1237, B=1365/66, C=1303 then D=1433(100%)/1468(127%)/1513(162%).
price zone on break above 1370-1400= 1430-1470.
From 1237-1365 then to 1303 was quite straight forward then the price action from 1303- 1356 looked quite corrective, however it turned out to be complex and formed in 5 waves 1303-1341,1341-1307,1307-1356,1356-1320,1320-1365... I had expected to see a retest of 1300 or even lower to 1280-1260, with this formation support comes in between 1320-1300, price will consolidate and range bound in the short term , break above 1350-1370 then higher
break below 1300 then lower.
IF A=1205,B=1357,C=1237 then D=1409(100%)/1430(127%)/1483(162%) and also from 1237:
IF A= 1237, B=1365/66, C=1303 then D=1433(100%)/1468(127%)/1513(162%).
price zone on break above 1370-1400= 1430-1470.
From 1237-1365 then to 1303 was quite straight forward then the price action from 1303- 1356 looked quite corrective, however it turned out to be complex and formed in 5 waves 1303-1341,1341-1307,1307-1356,1356-1320,1320-1365... I had expected to see a retest of 1300 or even lower to 1280-1260, with this formation support comes in between 1320-1300, price will consolidate and range bound in the short term , break above 1350-1370 then higher
break below 1300 then lower.
Comment:
5 waves from 1303-1365:
