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Gold in correction? Bullish market
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Gold=US dollar
The price started an uptrend at
1,616.64 and a flat correction pattern was completed in the larger wave 4.
And then an impulse pattern was formed in which wave 1 is bigger (which is similar to an extended diagonal!) but wave 4 has not entered the territory of wave 1.
that the highest price limit of $2048.62 has been reached and we should probably see a correction pattern around 23.6%, 38.2%, 50% or 61.8% of the Fibonacci retracement.
There are several possible possibilities just because of the correction structure with different Fibonacci percentages.
Good luck and stay happy and be patient in your dealings.
Mr. Nobody: I will do my best to share the best ideas with you dear ones (no one is alone).
I appreciate your support
Gold=US dollar
The price started an uptrend at
1,616.64 and a flat correction pattern was completed in the larger wave 4.And then an impulse pattern was formed in which wave 1 is bigger (which is similar to an extended diagonal!) but wave 4 has not entered the territory of wave 1.
that the highest price limit of $2048.62 has been reached and we should probably see a correction pattern around 23.6%, 38.2%, 50% or 61.8% of the Fibonacci retracement.
There are several possible possibilities just because of the correction structure with different Fibonacci percentages.
Good luck and stay happy and be patient in your dealings.
Mr. Nobody: I will do my best to share the best ideas with you dear ones (no one is alone).
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