Gold weekly
Gold has broken to the upside and is now in territory of the previous red circle wave 4 (which i labelled as a triangle).
Therefore there is a good probability that it will stall between where it is now and the 1430 level ( wave A of 4 circle )
As it looks to be developing in 5 waves at the moment, this initial leg should represent only a wave A of a correction IF this move is correcting the previous 5 waves down from the top at 1920. Therefore the next most probable move over the next few months should a temporary pull back !
Any feedback and comments would be very much appreciated. Best regards
Therefore there is a good probability that it will stall between where it is now and the 1430 level ( wave A of 4 circle )
As it looks to be developing in 5 waves at the moment, this initial leg should represent only a wave A of a correction IF this move is correcting the previous 5 waves down from the top at 1920. Therefore the next most probable move over the next few months should a temporary pull back !
Any feedback and comments would be very much appreciated. Best regards
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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.