I think gold should reach 0.764% of the white wave A.
Although it is only about $ 33 in between, it could take 2 to 3 months before a more extensive correction begins, which in this scenario would be the white wave C.
The green 1 of the B lasted 7 months, so the consideration that the green 5 could take just as much time.
If prices stop moving strongly until May, the bulls will slowly give up their positions and this could result in sharply falling gold prices.
Although it is only about $ 33 in between, it could take 2 to 3 months before a more extensive correction begins, which in this scenario would be the white wave C.
The green 1 of the B lasted 7 months, so the consideration that the green 5 could take just as much time.
If prices stop moving strongly until May, the bulls will slowly give up their positions and this could result in sharply falling gold prices.
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.
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.