GOLD breaking out from contracting triangle that appears to be a fairly clean double 3 - primary wave 4 to now take GOLD in a fifth wave up to 1:1 target $3.5K.
The leg up from Dec '15 to Aug '20 I think was a 1-2, i-ii to overshoot 1.618 fibs and complete the primary wave 3.
From there ABC zig-zag found support on the bullish 0.382 retracement which then formed a WXY to break up from the triangle and the wave 5 has begun - I think.
Not advice.
The leg up from Dec '15 to Aug '20 I think was a 1-2, i-ii to overshoot 1.618 fibs and complete the primary wave 3.
From there ABC zig-zag found support on the bullish 0.382 retracement which then formed a WXY to break up from the triangle and the wave 5 has begun - I think.
Not advice.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.