Gold is this an Ending Diagonal (Elliott Wave Analysis)
The current wave progression seems it is progressing as an Expanding Ending Diagonal.
The wave measures of Wave 1 -3 and Wave 3-5 are also having a 1.236 relationship which just adds on to the evidence.
If this pattern is correct then the market should face strong resistance at the upper channel line and see good strong selloff.
I will update further as this market progresses.
The wave measures of Wave 1 -3 and Wave 3-5 are also having a 1.236 relationship which just adds on to the evidence.
If this pattern is correct then the market should face strong resistance at the upper channel line and see good strong selloff.
I will update further as this market progresses.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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