For GOLD I believe we are currently in a new uptrend which should unfold in 3 major waves to the upside..This is because I believe we are in a diagonal in the grand major timeframe
Narrowing down to the smaller timeframe i expect this 3 wave move to unfold as a ZigZag. Hence we should see a 5-3-5 structure to the upside. We are currently in the first LEG A which should be unfolding in a 5 wave move up. Within that mentioned LEG A we seem to be completing its Minor Wave 1. I believe we are currently in a diagonal to the upside to complete Minor Wave 1 before we see any deep retracement for Minor Wave 2 Within the Leg A of the ZigZag.
Narrowing down to the smaller timeframe i expect this 3 wave move to unfold as a ZigZag. Hence we should see a 5-3-5 structure to the upside. We are currently in the first LEG A which should be unfolding in a 5 wave move up. Within that mentioned LEG A we seem to be completing its Minor Wave 1. I believe we are currently in a diagonal to the upside to complete Minor Wave 1 before we see any deep retracement for Minor Wave 2 Within the Leg A of the ZigZag.
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.