Gold reversal's 1st Target 1961
After the completion of the upward wave 1 at 1998 dollars in five sub-waves, an abc correction was the normal consequence, of which wave c, we are watching to be in full swing with a first target of 1961 dollars.
Note
A correction that respects itself, corrects unseen up to 23.6% fibo , confirmed at 38.2% and completed at 50%. If it is a B or 2 wave, it can reach up to 61.8% fibo and also form double peaks or double bottoms.If the count is accurate, next target 1931.00
Note
If this count will be accurate, next update will be with target prices.Note
Trade closed: target reached
Note
2nd Target is still pending.Trade closed manually
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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.