WXY started with a flat pattern which is ideal for wave W.
Then it was followed by a short wave and that's typical for wave X.
Wave Y should be a zigzag pattern and that's what we ended up with.
Gold is expected to reverse and start down waves targeting fresh lows.
Cheers!
Then it was followed by a short wave and that's typical for wave X.
Wave Y should be a zigzag pattern and that's what we ended up with.
Gold is expected to reverse and start down waves targeting fresh lows.
Cheers!
Note
Wave 5 of C of Y got extended. Now the pattern is complete.
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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.