Gold analysis for mid-term use
It's all in the chart.
I've used Elliot wave to predict the market correction wave. According to my analysis the market goes on until it hits the upper channel and will pullback to the trend line which in this case we got two trend line.
It will either hit upper trend line and the correction wave of Elliot is done and the market is ready to move forward with this trend.
OR it will go down to the previous trend line which has been in effect for more and then correction wave is done and the market is ready to move forward.
Hope you enjoy :),
I will be waiting for your feedbacks!
I've used Elliot wave to predict the market correction wave. According to my analysis the market goes on until it hits the upper channel and will pullback to the trend line which in this case we got two trend line.
It will either hit upper trend line and the correction wave of Elliot is done and the market is ready to move forward with this trend.
OR it will go down to the previous trend line which has been in effect for more and then correction wave is done and the market is ready to move forward.
Hope you enjoy :),
I will be waiting for your feedbacks!
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