After the DOUBLE TOP gold finished its wave 1 and 2 .
wave 1 has 5 waves and wave2 is 3 wave recovery but not up to 62% of wave1, therefore today's correction is considered as the beginning of wave3
wave 3 always be a swift wave , the first target is to bring the yellow metal to $1820 and if extended expect $1670 and finally $1407.
wave 3 may extend upto 162% of wave 1 .
wave 1 has 5 waves and wave2 is 3 wave recovery but not up to 62% of wave1, therefore today's correction is considered as the beginning of wave3
wave 3 always be a swift wave , the first target is to bring the yellow metal to $1820 and if extended expect $1670 and finally $1407.
wave 3 may extend upto 162% of wave 1 .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.