GOLD Weekly Chart Elliott Wave Projection
Zooming out onto the weekly chart I see an alternative scenario in which the current move to the downside is a three wave move. Both scenarios are the same in a way that I am expecting some short-term recovery for the price of Gold and then a trend continuation to the downside. The difference is in the price targets.
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.