To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last prominent high, and Gold would, therefore, turn down earlier to dive below the support at $1935.
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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.