Major Timeframe
For GOLD I am still looking for bullish movement for the medium to long term. I anticapte us to move further up to complete wave 2 which seems to be unfolding as a Flat Corrective Structure. Within that Flat structure we are currently in the C LEG. Within that C Leg which is a 5 wave / triangle movement we are currently in the 5th wave / leg E . Narrowing down smaller the 5th wave / Leg E usually takes the form of a zig-zag.
Minor Timeframe
As mentioned above we are currently in the 5th wave / Leg E which takes form as a zig-zag. Within the Zig-zag we are currently
completing its Leg C which is a 5 wave movement. We have completed Wave 1 and are currently completing Wave 2 before proceeding for Wave 3. Within the Wave 2 we should see a small push up followed by another drop to complete Wave 2.
Entry
I would be ignoring the small buy and waiting for the price to hit my upper triangle channel trendline for a good sell to complete wave 2. I would be talking profits at the bottom of the channel /trendline. After that I will be looking for the MAJOR Buy for GOLD (Wave 3 of the Zigzag)
For GOLD I am still looking for bullish movement for the medium to long term. I anticapte us to move further up to complete wave 2 which seems to be unfolding as a Flat Corrective Structure. Within that Flat structure we are currently in the C LEG. Within that C Leg which is a 5 wave / triangle movement we are currently in the 5th wave / leg E . Narrowing down smaller the 5th wave / Leg E usually takes the form of a zig-zag.
Minor Timeframe
As mentioned above we are currently in the 5th wave / Leg E which takes form as a zig-zag. Within the Zig-zag we are currently
completing its Leg C which is a 5 wave movement. We have completed Wave 1 and are currently completing Wave 2 before proceeding for Wave 3. Within the Wave 2 we should see a small push up followed by another drop to complete Wave 2.
Entry
I would be ignoring the small buy and waiting for the price to hit my upper triangle channel trendline for a good sell to complete wave 2. I would be talking profits at the bottom of the channel /trendline. After that I will be looking for the MAJOR Buy for GOLD (Wave 3 of the Zigzag)
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.