Gold Monthly Chart (March 2020)

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Gold Monthly Chart
Trend : Bullish
Current wave : In wave 3.
Plan : Long term strategy is buy. Short term sell.
Note
Gold Weekly Chart.
Note
snapshot
Note
Speculation with EW. Possible extended wave 5 to complete wave 3.
Note
Speculation for next week (9th Mar onward).
Going to wave 2 of extended wave.

snapshot
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Next week speculation on EW + Fibo (17/3/2020) for Gold.
This is only guideline.

snapshot
Note
GOLD 23/3/2020 (NEXT WEEK)
Wave b (circle) valid.
Wave (ii) valid.
Then Next direction is to reach Wave (iii) and Wave (v).

If Gold drop below Wave b(circle) next week,
then Wave y(circle) maybe extended to lower level.
then bullish impulsive wave (i~v) to Wave c(circle) has to be reviewed.
This is only guideline.

snapshot
Trade fermée: cible de profit atteinte
Gold reached target zone.
snapshot
Note
If Wave (v) completed to complete Wave c (circle) and Wave X (circle), we may want to look for downtrend structure to go for Wave Z (circle).
If Wave Z( circle) cannot be completed, probably a new higher level of Wave 2 formed.
Just for training purposes.
Trend AnalysisWave Analysis

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