Gold update on long term trend
Gold (XAUUSD)- 3rd is extending. 3(green) of 3(white) looks complete and a correction in 4 of 3 is due. Since 2 of 3 was deep in a zig zag 4 of 3 should be shallow and may form either a flat or a triangle. 1838 is 38.2% of the rise and the spot price should ideally not fall below that.
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.