As the gold failed to extend gain this week, the reversal has taken place.
2 waves of bearish movement have been completed, leaving one last wave to go.
Why one last wave, or at least one more wave? It is because every trend within the current range took at least 3 waves before a reversal.
2 waves of bearish movement have been completed, leaving one last wave to go.
Why one last wave, or at least one more wave? It is because every trend within the current range took at least 3 waves before a reversal.
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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.