Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each.
It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level.
For those that are interested in entering, watch for any sort of pullback and enter with stops above the highs.
Goodluck and as always, trade safe!
See our previous analysis below.
It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level.
For those that are interested in entering, watch for any sort of pullback and enter with stops above the highs.
Goodluck and as always, trade safe!
See our previous analysis below.
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