GOLD ready to pullback soon hard or perhaps even flush
If we indeed are in an ending diagnol we should see one more leg higher in wave 5, and then flush for the larger degree wave 4.
I have labeled 2 possibilities, either we start breaking down now and get a retest and get short. or gold wants one more leg higher and after that the move will be ready to produce a weekly pullback.
Looking at larger context, we are extended on some degrees, and last month's bar has selling on it if it can confirm.
Be aware, Gold should pullback soon.......
I have labeled 2 possibilities, either we start breaking down now and get a retest and get short. or gold wants one more leg higher and after that the move will be ready to produce a weekly pullback.
Looking at larger context, we are extended on some degrees, and last month's bar has selling on it if it can confirm.
Be aware, Gold should pullback soon.......
Penafian
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