Gold pushed down yesterday towards Wave IV, creating a 3 Sub-Wave (A,B,C) structure. So even though it can easily push up now during FOMC tonight, I wouldn't rule out the possibility of one more smaller push down again towards $2,560. Let's see what price action now does.
Yet Pending👇🏻
2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP!
Yet Pending👇🏻
2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP!
Note
This chart work I posted for Gold was a piece of art🤌 I said we were waiting for 2 moves which were; Wave IV & Wave V. Both which have now been completed.TP1 for Wave V has been hit if you look at the arrow. Let's see if TP2 towards $2,620 gets hit tomorrow or price drops from here. Then we can start looking for sell positions, as according to my refined EW strategy.
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TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
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.