Tried to apply my learning of structure analysis on GOLD.
GOLD already done AB-CD pattern. But, the really sellers may come around 1800 - 1870 levels.
From there I am expecting a correction to 1650 range (38%) of recent move.
I did not try to estimate time.
GOLD already done AB-CD pattern. But, the really sellers may come around 1800 - 1870 levels.
From there I am expecting a correction to 1650 range (38%) of recent move.
I did not try to estimate time.
Note
I tried to use GANN FAN to predict possible target date for 1800+. It comes around 17th Jun.
Will be tracking this for that target. After that a fall is expected.
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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.