Golden Chance
Gold is making its C.4 wave ,which has begun from the 1182 bottom.Now we are in the C.4.B wave.This wave began in 1388.
And from 1345 the Y wave of this C.4.B wave has begun.So we are in the C.4.B.Y wave.In my graph you see the inner structure of the Y wave.
We are just making the Y.c.4 wave .
So the overall wave count from the record high is as follows: C.4.B.Y.c.4
The peak today at 1238 was probably the 4.a peak.Looking for just 1 week ahead ,I am waiting for an decrease with wave 4.b towards the 1182 level of support, which will be labeled as C.4.B.Y.c.4.b by me.
Afterwards a 4.c wave will come from 1182 level again to 1235. And then we will remark the 5. wave from 1235 to the region of 1150, which is the bottom of the B wave,and thereafter the C wave towards 1480 will come.
That's all about the yellow girl.. :)
And from 1345 the Y wave of this C.4.B wave has begun.So we are in the C.4.B.Y wave.In my graph you see the inner structure of the Y wave.
We are just making the Y.c.4 wave .
So the overall wave count from the record high is as follows: C.4.B.Y.c.4
The peak today at 1238 was probably the 4.a peak.Looking for just 1 week ahead ,I am waiting for an decrease with wave 4.b towards the 1182 level of support, which will be labeled as C.4.B.Y.c.4.b by me.
Afterwards a 4.c wave will come from 1182 level again to 1235. And then we will remark the 5. wave from 1235 to the region of 1150, which is the bottom of the B wave,and thereafter the C wave towards 1480 will come.
That's all about the yellow girl.. :)
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.