As I said in the second paragraph of the previous analysis, wave-(a) ended at 3500 and the gold price fell by 7% (over 2000 pips) and now wave-(b) has started.
1M Cash Data Chart
I think that a neutral triangle or a reverse contracting triangle is forming, with the completion of wave(b) we can somewhat understand which pattern is forming.
1M Cash Data Chart
I think that a neutral triangle or a reverse contracting triangle is forming, with the completion of wave(b) we can somewhat understand which pattern is forming.
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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.