Gold wave 4, short or long?
Updated
According to the wave count, gold is currently waiting for the start of a big wave 4. I envision 2 modes for this big wave.
The first case: moving the price in an emotional and very fast way until the price of 1772 and the end of this price rally; And the beginning of the 5th decreasing wave.
The second case: by maintaining the movement conditions of the first case, but the entry of powerful money at the price of 1772 and the breaking of this resistance zone and the price increase in a slow and erosive manner until the price of 1804 and then the beginning of wave 5.
Note: It is very important for me to see the volume at the price of 1772, but until the price of 1772 is reached, this analysis can be enjoyed to the fullest.
Be successful and profitable.
The first case: moving the price in an emotional and very fast way until the price of 1772 and the end of this price rally; And the beginning of the 5th decreasing wave.
The second case: by maintaining the movement conditions of the first case, but the entry of powerful money at the price of 1772 and the breaking of this resistance zone and the price increase in a slow and erosive manner until the price of 1804 and then the beginning of wave 5.
Note: It is very important for me to see the volume at the price of 1772, but until the price of 1772 is reached, this analysis can be enjoyed to the fullest.
Be successful and profitable.
Trade active
My friends, the analysis is generally valid. But unfortunately, I have to say that we faced a short wave 4, as a result, the wave 5 that has started will be short as well. In the picture, I marked the end of wave 5.I need to say that we are facing a (ND.A) trend.
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