Price in gold is moving into a triangle having already formed 4 waves of wxyxz corrective pattern. We need one more move to the down to complete the pattern and at the same time wave B of a larger ABC pattern. From there we will probably see a rally but that's for later.
At the moment price is testing the upper trendline of the triangle after a abc move. We can short gold aiming the lower trendline where we will have the whole 5 wave pattern completion.
Like and comment,
John.
At the moment price is testing the upper trendline of the triangle after a abc move. We can short gold aiming the lower trendline where we will have the whole 5 wave pattern completion.
Like and comment,
John.