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Gold Spot / U.S. Dollar

GOLD maybe an expanding flat pattern on wave (B)(cyan). 28/5/21

By SteveTan
GOLD possible is forming an expanding flat pattern on wave (B)(Cyan/light blue).. Maybe now we are at wave A (yellow) first leg down of the expanding flat pattern, where price could reach @ around 1845 ( which is support/resistance flip zone and the long term down trend lines breakout zone becoming support area ) .before resuming its uptrend @ around 1950 (major supply & Resistance zone ) for wave B (yellow) and finally last leg down for wave C (yellow) @ around 1780 which is daily 200 EMA deviation and demand zone..

xyz3dtrading
Chart PatternscycleCyclesEconomic CyclesElliott WaveexpandingflatGoldXAUUSDxyz3dtrading
SteveTan

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