Gold was falling for a long time without a good pullback. Now we are in that very corrective move as metal rebounded strongly from the 1180 area. C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
註釋
註釋
Think of moving stop to breakeven
註釋
註釋
zoomed
註釋
correction deepened and became more complex
註釋
gold failed to break the earlier top of wave A so we got another leg of correction to the downside
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註釋
Triangle was broken down - return to classic flat
註釋
the last wave unfolds and the target area is shown in the chart between 1235 and 1250