I believe that Gold has completed the 5th wave. Here are the evidence:
1. Drawn out 5-wave structure with breakdowns.
2. Fibonacci measurement: wave 5 is almost equals to wave 1.
3. RSI is lower at the 5th wave compared to 3rd wave although price is higher (price-rsi divergence).
Stop is $3272.
Take Profit is $3285.
1. Drawn out 5-wave structure with breakdowns.
2. Fibonacci measurement: wave 5 is almost equals to wave 1.
3. RSI is lower at the 5th wave compared to 3rd wave although price is higher (price-rsi divergence).
Stop is $3272.
Take Profit is $3285.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.