Gold seems to be in a triangle. Expected to go down to complete correction and later go up.
Gold is in a 4Hourly triangle. Gold has completed a 30m flag also. Short up movement expected.
This flag is the 4th wave of the current down movement. It is possible to take the 5th wave.
Gold has a habit of forming wave fours that are very big and can be confused with a larger degree wave. That is often the case with the 4th wave of the 3rd wave. Here, gold is yet to complete the B wave
Gold has completed the B wave in a 4 hour correction. The divergence can be seen in MACD. Expecting a big down move.
Gold is on its way to complete hourly correction. Selling on the C wave is a good trade opportunity.
