The plot is thickening! Gold has taken action and has jumped down into the lower green zone between $1737 and $1708. There, it should finish wave 3 in green before hopping into the upper green zone between $1761 and $1796 to complete wave 4 in green. Then, gold should resume the overarching descent until it has reached the orange zone between $1664 and $1529, where wave (4) in yellow should end and turn into new upwards movement.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.