Are we in major correction phase or more upside is coming?
Dear Traders,
As we focus only in Elliot Wave analysis, we found out that the gold price is in still its major 3rd wave.
We will consider this 3rd wave is completed only when the (2) and (4) matured trend line will be broken.
As you can see, the price has already showed a rejection from this trend line. (Daily Chart)
Meanwhile, in minor scenario which is in 4 hours chart it is showing us an ongoing zigzag correction.
As a wave analyst, I am considering this drop as wave "A" of zigzag which will have 5 moves in 4 hours chart.
I will break down the 4 hours chart for you in a note of this post.
As we focus only in Elliot Wave analysis, we found out that the gold price is in still its major 3rd wave.
We will consider this 3rd wave is completed only when the (2) and (4) matured trend line will be broken.
As you can see, the price has already showed a rejection from this trend line. (Daily Chart)
Meanwhile, in minor scenario which is in 4 hours chart it is showing us an ongoing zigzag correction.
As a wave analyst, I am considering this drop as wave "A" of zigzag which will have 5 moves in 4 hours chart.
I will break down the 4 hours chart for you in a note of this post.
註釋
註釋
If you don't trust my analysis, then do not follow me.
I am not your paid fund manager.
I do share my analysis to show you the path what can gold price do in future.
註釋
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。