The higher degree diametric wave-(E) is expanding and we can consider the recent price correction that started at $3167 as a small X-wave, as a result, gold can grow as a combination pattern to the range of 3600-3800 and even gold can touch $4000.
The second triangle pattern will probably be a neutral triangle or a reverse contracting triangle, where the wave-(a) triangle can end at 3500 or 3600.
The factor that caused the expansion of the wave-(E) is the US-China trade war, which caused investors to rush to buy gold.
The second triangle pattern will probably be a neutral triangle or a reverse contracting triangle, where the wave-(a) triangle can end at 3500 or 3600.
The factor that caused the expansion of the wave-(E) is the US-China trade war, which caused investors to rush to buy gold.
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As I said in the second paragraph "The second triangle pattern will probably be a neutral triangle or a reverse contracting triangle, where the wave-(a) triangle can end at 3500 or 3600."wave-(a) ended at 3500 and now wave-(b) has started.
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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.