As far we can see Gold is in correction since last of December.
Price is actually forming a triangle pattern, in fact it has done the formation.
Break out of any side can happen because of this symmetrical triangle pattern.
What we can expect ....
1. If price breaks upwards then we are going to see new all time high and starts of 5th wave which will be impulse
2. If price breaks below then the price may fall 1980 minimum and starts a double correction.
Next Week will be the decider ...
Price is actually forming a triangle pattern, in fact it has done the formation.
Break out of any side can happen because of this symmetrical triangle pattern.
What we can expect ....
1. If price breaks upwards then we are going to see new all time high and starts of 5th wave which will be impulse
2. If price breaks below then the price may fall 1980 minimum and starts a double correction.
Next Week will be the decider ...
Note
Note
An upside breakout can lead the price towards 2166
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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.
Related publications
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.