waiting for breakout of weekly trendline
Wave 3 building momentum to go higher, heading towards 1.618 of wave 1.
Note
Longer term perspective:
For medium term I believe we will go higher. See the big falling wedge. It could imply a wave 4 or wave B in a bigger perspective, but for medium term on the weekly and daily chart I believe we will climb higher with gold:)
Note
more consolidation before break upwards. Lower limit around 1307
Note
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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.