Nothing has changed in my view about gold chart and I am expecting more corrective sub-waves for its wave 4 we are in. The only concern is about wave iv and (iv) that mentioned with green arrow that can make an extension.
The main point is that we are in a wave 4 correction that can prolong more than you expect.
Another point that should be considered is that wave 5 is extended and it is supposed to rise roughly up to 3236 and then start to make a deep correct but THE SCENARIO for gold is BULLISH for a while.
The main point is that we are in a wave 4 correction that can prolong more than you expect.
Another point that should be considered is that wave 5 is extended and it is supposed to rise roughly up to 3236 and then start to make a deep correct but THE SCENARIO for gold is BULLISH for a while.
Note
It is not impossible that this corrective wave 4 makes a TRIANGLE to waste time. Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.