Gold - Reversing now or one more tiny drop first ?
We seem to have finished a WXY correction contained in this descending channel.
A move above orange wave iv is a first sign that price is reversing but you can wait for a break above the middle channel line which would be a another bullish sign, followed by a move outside the channel.
Beware though, we could see one more tiny drop down to around 1750 if the alternate count is correct and this is actually just orange wave iv.
A move above orange wave iv is a first sign that price is reversing but you can wait for a break above the middle channel line which would be a another bullish sign, followed by a move outside the channel.
Beware though, we could see one more tiny drop down to around 1750 if the alternate count is correct and this is actually just orange wave iv.
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