GOLD: 4th wave round bottom coiling
Hi Guys,
same narrative as previous posts. 2007 Financial Crisis increased demand for safe haven. Central Banks, by introducing policies to stabilize the financial system, eased the fear away and drove gold prices back to pre-financial crisis levels.
From this perspective it could be a 4th wave rounding bottom on top of 1st wave. If so, price coiling and 5th still to come.
However not sure from where to start counting the letters forming the triangle ending the triple corrective combination. Lol
Linked below other structures that may support a bottoming 4th or help develop different ideas.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
same narrative as previous posts. 2007 Financial Crisis increased demand for safe haven. Central Banks, by introducing policies to stabilize the financial system, eased the fear away and drove gold prices back to pre-financial crisis levels.
From this perspective it could be a 4th wave rounding bottom on top of 1st wave. If so, price coiling and 5th still to come.
However not sure from where to start counting the letters forming the triangle ending the triple corrective combination. Lol
Linked below other structures that may support a bottoming 4th or help develop different ideas.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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