Elliot wave outlook for gold
Impulsive sub wave 3 " yellow counting is ended with the down breakout of the uptrend channel .
Bearish corrective sub wave 4 is being emerging and is expected to be strong down move " according to the alternation principle with wave 2 yellow counting " .
Overall Long term outlook in red counting is bullish and the main bullish wave 3 " red counting " still in progress according to my counting scenario if it was valid !
Don't take my analysis as trading advice!!
Bearish corrective sub wave 4 is being emerging and is expected to be strong down move " according to the alternation principle with wave 2 yellow counting " .
Overall Long term outlook in red counting is bullish and the main bullish wave 3 " red counting " still in progress according to my counting scenario if it was valid !
Don't take my analysis as trading advice!!
Note
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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.
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.