just a simple analayze:
First i appologize if the chart is nasty.(if u lower the time fram,the problem will be solved)
the fifth wave of gold can be completed or not in the short PRZ range(exp 61/8). you have to be a more little patient to figure it out.
in my personal idea, wa(downward) and wb(uptrend) were over and now we are in wc (downward trend).
wc have 3 microwaves wave (a b c) now we are in the end of (a) than we have uptrend for (b) and finally we have more price correction for (c).
the correctionis currently in the form of simple zigzag.
support range has been specified.
i think the fifth wave will most likely be three waves(a b c) now we are in (b).
Good luck
First i appologize if the chart is nasty.(if u lower the time fram,the problem will be solved)
the fifth wave of gold can be completed or not in the short PRZ range(exp 61/8). you have to be a more little patient to figure it out.
in my personal idea, wa(downward) and wb(uptrend) were over and now we are in wc (downward trend).
wc have 3 microwaves wave (a b c) now we are in the end of (a) than we have uptrend for (b) and finally we have more price correction for (c).
the correctionis currently in the form of simple zigzag.
support range has been specified.
i think the fifth wave will most likely be three waves(a b c) now we are in (b).
Good luck
