Gold form a MAJOR ABCD on Daily time frame.
Inside MAJOR CD move also form a MINOR ABCD
Inside MINOR CD also form a MINOR MINOR ABCD , price quickly drop and form a V reversal after break a high and the whole movement haven't retrace 0.382 yet.
If Price break 2285 , then current drop is a AB move
TP1 : 2200 (MINOR MINOR ABCD 0,382)
TP2 : 2130 (MINOR ABCD 0.382)
TP3 : 1930-2230 (MAJOR ABCD 0.618)
Inside MAJOR CD move also form a MINOR ABCD
Inside MINOR CD also form a MINOR MINOR ABCD , price quickly drop and form a V reversal after break a high and the whole movement haven't retrace 0.382 yet.
If Price break 2285 , then current drop is a AB move
TP1 : 2200 (MINOR MINOR ABCD 0,382)
TP2 : 2130 (MINOR ABCD 0.382)
TP3 : 1930-2230 (MAJOR ABCD 0.618)
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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.