GOLD BULLISH TO $2,604 - $2,630 (UPDATE)
Gold pushed down yesterday towards Wave IV, creating a 3 Sub-Wave (A,B,C) structure. So even though it can easily push up now during FOMC tonight, I wouldn't rule out the possibility of one more smaller push down again towards $2,560. Let's see what price action now does.
Yet Pending👇🏻
2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP!
Yet Pending👇🏻
2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP!
Note
This chart work I posted for Gold was a piece of art🤌 I said we were waiting for 2 moves which were; Wave IV & Wave V. Both which have now been completed.
TP1 for Wave V has been hit if you look at the arrow. Let's see if TP2 towards $2,620 gets hit tomorrow or price drops from here. Then we can start looking for sell positions, as according to my refined EW strategy.
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