Hello friends
We witnessed the formation of a 5-wave bullish pattern on the gold chart and our expectation was for the gold price to grow, which was realized (refer to the previous analysis).
Now all the microwaves up to the main wave 3 or C have been completed and we expect a price correction to the $2,720 range. After this correction, the growth or continuation of the price correction depends on the type of wave formed and the global and economic conditions.
But in any case, our strategy for now is to correct the price and take a sell trade to the $2,720 range.
Be successful and profitable.
We witnessed the formation of a 5-wave bullish pattern on the gold chart and our expectation was for the gold price to grow, which was realized (refer to the previous analysis).
Now all the microwaves up to the main wave 3 or C have been completed and we expect a price correction to the $2,720 range. After this correction, the growth or continuation of the price correction depends on the type of wave formed and the global and economic conditions.
But in any case, our strategy for now is to correct the price and take a sell trade to the $2,720 range.
Be successful and profitable.
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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.