This is Gold weekly chart and here is our update :
Major decline (a) ended at early 2016 and from then we are at major (b) wave.
Inside (b) : lower degree a is impulsive and clear and b of (b) which is most time-consuming wave is formed in shape of contracting triangle . c of (b) which is probably the final stage of major (b) formed in a terminal pattern and you can see it's detail in the chart. Because terminal c has broken the top channel of flat it can unfold some time on it and then +5 years bear trend for gold will start. This is when wave 5 of c of (b) terminate. Usually wave c consume approximately half of a+b time.
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Major decline (a) ended at early 2016 and from then we are at major (b) wave.
Inside (b) : lower degree a is impulsive and clear and b of (b) which is most time-consuming wave is formed in shape of contracting triangle . c of (b) which is probably the final stage of major (b) formed in a terminal pattern and you can see it's detail in the chart. Because terminal c has broken the top channel of flat it can unfold some time on it and then +5 years bear trend for gold will start. This is when wave 5 of c of (b) terminate. Usually wave c consume approximately half of a+b time.
Want to have all low risk and high probable long and short trade setups for free ?
follow US :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.