* In the correction of wave 4 as Symmetrical triangle * Length between apex and base is 36 days. so, maximum time of breakout is at 75% i.e. at 27 days. * Fibonacci Extension is 0.78% i.e. 1795 USD * Wave 4 must not reach the high of wave 1 i.e. 1640 USD. * Theory of alternate correction ( Wave 2 is simple so wave 4 must be complex). * Wave 5 completes within 13 days of breakout (Half of the time taken to form the triangle).
Conclusion: For 2 weeks Gold might move within the Symmetrical triangle and might have upside breakout (Dow Jones Theory).
Note: This analysis is only for educational purpose. Please don't try for trading.
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