GOLD - Tracking Minor Waves in Short Trade
Gold waves are playing out as expected. I thought I would give an update due to slow price action.
Right after green wave 2 ended a leading diagonal started forming and I now see a completed blue i and ii.
It looks like blue wave i and ii is in preparation for blue iii to cut through some key support levels from previous move up.
The previous move up in early May is a larger Wave E if you're curious. The bottom of the previous Wave E needs to be broken to confirm a new Trend.
The new trend will be the start of a larger Wave 3 down. Patience is the key I want to take us through each wave so let's see how we go.
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Right after green wave 2 ended a leading diagonal started forming and I now see a completed blue i and ii.
It looks like blue wave i and ii is in preparation for blue iii to cut through some key support levels from previous move up.
The previous move up in early May is a larger Wave E if you're curious. The bottom of the previous Wave E needs to be broken to confirm a new Trend.
The new trend will be the start of a larger Wave 3 down. Patience is the key I want to take us through each wave so let's see how we go.
Please LIKE and FOLLOW to get notification of updates and future posts.
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