The gold market continues the bull market, but in what way?
Hi guys
Diagram from my point of view: Mr. Nobody
The gold market is a wave 1 and 2 that was clear, the important thing is whether this cycle has ended, is it the third wave???? If it is, it should not enter the territory of wave one, otherwise it is invalid
There are other possibilities, for example, another 1 and 2 wave. . . .
But if gold is in an upward correction, then it is possible for it to follow any correction pattern, for example, it may be flat or deep and sharp, because the second shallow wave was corrected only 38.2%
And finally, if the impulse pattern is not invalidated, the fifth wave may be prolonged
Good luck, if you see a weakness in the analysis, accept my apology, because experience is the first word in market analysis
Good luck in your dealings, be patient, and cheers
Diagram from my point of view: Mr. Nobody
The gold market is a wave 1 and 2 that was clear, the important thing is whether this cycle has ended, is it the third wave???? If it is, it should not enter the territory of wave one, otherwise it is invalid
There are other possibilities, for example, another 1 and 2 wave. . . .
But if gold is in an upward correction, then it is possible for it to follow any correction pattern, for example, it may be flat or deep and sharp, because the second shallow wave was corrected only 38.2%
And finally, if the impulse pattern is not invalidated, the fifth wave may be prolonged
Good luck, if you see a weakness in the analysis, accept my apology, because experience is the first word in market analysis
Good luck in your dealings, be patient, and cheers
Penafian
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