Looking for a further upside on #GOLD, we have two biases but in the same direction.
1. We have an impulse pattern formation. We already have a 1-2, and we can project a 3rd wave to occur and potentially make new highs.
2. We have a correction pattern projecting; waves A and C are often equal, and we can expect the price to continue collapsing after the wave A formation.
1. We have an impulse pattern formation. We already have a 1-2, and we can project a 3rd wave to occur and potentially make new highs.
2. We have a correction pattern projecting; waves A and C are often equal, and we can expect the price to continue collapsing after the wave A formation.
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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.