GOLD EW Wave analysis
GOLD is reallty looking for positional atm.
It is forming WAVE 3 on the larger degree shown in Red color.
This WAVE 3 comprises of five impuse wave out of which WAVE 4 correction (WXYXZ) is about to be completed.
Just sharing a view but deriving trade based on the view is not difficult.
It is forming WAVE 3 on the larger degree shown in Red color.
This WAVE 3 comprises of five impuse wave out of which WAVE 4 correction (WXYXZ) is about to be completed.
Just sharing a view but deriving trade based on the view is not difficult.
Note
Better redability Bi weekly chartNote
Weekly chartNote
See how nicely it is maintaining 0.618 FIB ratio to complete complex correction.
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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.