Neowaveanalysis
NEoWave Analysis of Gold Chart within Daily time framefollowing the previous analysis, it appears that gold exists within a daily time frame in a combined structure of a diametric plus Neutral Triangle Reverse Alternation. To be more exact, we are now in the D wave of the triangle which is a descending wave. afterwards, we should be observing an ascending E wave so the combined structure will be complete and we get into another descending wave that the starting point of D wave is higher than degree.
Trend analysis on goldThe prior scenario on gold unfolded almost pretty much accurate but based on some observations on price movements there is now an alternate scenario which is shown in green and I'm in favour of
Nevertheless, the former scenario is also drawn in light red
please note that:
everything in green relates to the first scenario
everything in red relates to the second scenario
everything in white relates to both
Good Luck