For now, I don't think that gold made a turn. Hence, didn't complete a proper low, should it? Need a solid bullish turnaround to make a clear judgment.
From "Scenario 2" I for seeing that the wave in cyansish color need to be corrected for at least 38.2% and respected that area would also be the TP1 of the Bat harmonic, a conformation would be respecting 1751 with a double bottom reversal upward breaking the channel targeting 1830 area.
I have to hold on to my targets of wave 5-C-4 for now.
Please check Scenario 1 as well.
From "Scenario 2" I for seeing that the wave in cyansish color need to be corrected for at least 38.2% and respected that area would also be the TP1 of the Bat harmonic, a conformation would be respecting 1751 with a double bottom reversal upward breaking the channel targeting 1830 area.
I have to hold on to my targets of wave 5-C-4 for now.
Please check Scenario 1 as well.
Order cancelled
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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.