Gold on the threshold of a global reversal

28 Haz 2020

Hello, traders. The multi-year double zigzag wave [B] is coming to an end. We can see that the price has been breaking through the upper limit of the correction channel for the past few months. I think this breakdown is false. The price has almost reached the approximate goal of 1804$. The fact that the wave C of (Y) is an expanding ending diagonal, although is rare wave pattern, says that we are waiting for a sharp and rapid decline to 1450$.