Dear Traders,
The H4 chart reveals that Gold finished wave iv of (iii) and has now resumed its movement upward within wave v of (iii) of ((iii)). Based on Elliott wave projections:
Wave (iii) has the potential to extend to 2767 before a corrective pullback begins within wave (iv) of ((iii)).
Traders should stay focused on the buy side, using pullbacks as entry points for long positions in anticipation of the next rally.
The H4 chart reveals that Gold finished wave iv of (iii) and has now resumed its movement upward within wave v of (iii) of ((iii)). Based on Elliott wave projections:
Wave (iii) has the potential to extend to 2767 before a corrective pullback begins within wave (iv) of ((iii)).
Traders should stay focused on the buy side, using pullbacks as entry points for long positions in anticipation of the next rally.
Trade active
Lets runNote
We are almost there.
2800 seems very feasible.
Note
2767 hitNote
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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.