As continuation of my previous posts for Gold, this micro wavemap seems to indicate the Gold is due for sideways movement for the next week possibly. 'Sideways' is never truly 100% sideways however.
The unappealing, minimal upside producing drag should be a clear sign to investors that Gold is losing is steam in this region.
As one can see in my previous post, I believe that after this anticipated fractal pattern plays out, Gold will return to $1800, maybe a few bucks lower.
Surf carefully and with precaution if using this itinerary as nothing is ever guaranteed until it happens.
At all costs, this wavemap should be considered invalid with a break below the red line.
Hypothetically, this could/should be used as a Stop Loss level.
Happy Surfing!
The unappealing, minimal upside producing drag should be a clear sign to investors that Gold is losing is steam in this region.
As one can see in my previous post, I believe that after this anticipated fractal pattern plays out, Gold will return to $1800, maybe a few bucks lower.
Surf carefully and with precaution if using this itinerary as nothing is ever guaranteed until it happens.
At all costs, this wavemap should be considered invalid with a break below the red line.
Hypothetically, this could/should be used as a Stop Loss level.
Happy Surfing!
Trade active
No SL was active for me..Considering the invalidation of the aforementioned wavemap -- the invalidation indicates that we're likely already in Wave 4.
Trade active
early action indicates the likelihood for a small ascending wedge in Wave 5. generally, in Wave 5 - a wedge is a reversal pattern.i expect blood in the streets next week.
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The pattern immediately above has been invalidated. I shared this update in my Discord group (before the upper red line was crossed) but forgot to share it here..
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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.