Gold has an equal legs target at 1192 to finish wave C of triangle D wave. However, the downward momentum seems to have stalled.
Although a final spike to 1192 cannot be ruled out, it seems that gold is at or very close to a mid term bottom.
The ensuing wave would be wave E of triangle targeting 1270/1320 area.
Although a final spike to 1192 cannot be ruled out, it seems that gold is at or very close to a mid term bottom.
The ensuing wave would be wave E of triangle targeting 1270/1320 area.
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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.