gold short term sell setup (wave analysis)
gold formed 5 wave structure.
wave 5 = 161.8% * wave 1
trendline was broken, so correction is expected.
there is also divergence on H1.
watch it!
gold should be corrected at least to 1131.13.
trade according to your strategy! good luck!
wave 5 = 161.8% * wave 1
trendline was broken, so correction is expected.
there is also divergence on H1.
watch it!
gold should be corrected at least to 1131.13.
trade according to your strategy! good luck!
it goes up without any noticeable correction
as I said before, I expect 1 or 2 upside swings in gold to complete circled wave B.
after that a major long term bear market is expected.
here is price levels to watch.