GOLD is in the making of E in the ABCDE correction....
Despite all the fundamental issues as Russia and Ukraine tensions, hot inflation issues, etc..., I strongly believe that the Gold movement to the 1850-1860 is just a correction and it was not a new bull trend..
If we take a look into the chart, looks like Gold is making the ABCDE correction in a big triangle pattern..
Look closer, that the wave B retraced almost 100% of A, wave C retraced 78.6% of B, wave D retraced 61.8% of C, and now the wave E is at the 88.6% as well as on the resistance of the big triangle...
For me this is a STRONG SELL... against all odds..
CHEERS.....
Despite all the fundamental issues as Russia and Ukraine tensions, hot inflation issues, etc..., I strongly believe that the Gold movement to the 1850-1860 is just a correction and it was not a new bull trend..
If we take a look into the chart, looks like Gold is making the ABCDE correction in a big triangle pattern..
Look closer, that the wave B retraced almost 100% of A, wave C retraced 78.6% of B, wave D retraced 61.8% of C, and now the wave E is at the 88.6% as well as on the resistance of the big triangle...
For me this is a STRONG SELL... against all odds..
CHEERS.....
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.