Gold looks to be moving in Triple Zig Zag (Elliott Wave)

It looks like the corrective move is still continuing as a Triple Zig Zag corrective structure to the upside with the current Price Action in the second W.x which is either still continuing as a Triangle or already complete.Strategy : In either case (Continuation or already complete W.x) we look to initiate longs with SL below W.x low and targets above 1243.

Commentaire:

4H : So far as expected : W.x continuing as a Flat structure is still a strong possibility and hence existing longs should atleast book part profits :

Commentaire:

4H : Updated Count :

Commentaire:

4H : A change in degree for W.3 one more upleg expected from here :

Commentaire:

4H : Gold : So far as per the arrows :

Trade fermée: cible de profit atteinte:

Gold : 4H : Precisely as per the arrows, T2 achieved :