Gold - Follow up - Correction continuing

Gold - Made a perfect sharp reversal at expected resistance zone.
This could be the start of wave C lower maybe, in which case we'll need to look for 1473, 100% projection of wave A or lower at 1445 as the 161.8% projection.



For now though, we're still in this ugly correction and there are many ways how this could play out this week. WXY, Flat, big w4 Triangle, w(b) Triangle and probably something else I haven't yet thought about …
So, be cautious when trading this, especially if you are a swing trader.

評論:

Previous post :

評論:

Don't hesitate to like and share my ideas
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public

If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium

評論:

Updates have been made on my Telegram Channel
t.me/em16public

評論:

We got a 3 waves decline imo which can make this into a potential triangle.
If we go above 1519, the bearish triangle count gets negated and we then can consider that we have a bullish one in play and that we'll continue higher for some more time.