Gold looks like it's in an ending diagonal structure which is making the 5th leg down . I Guess we will see very soon how this plays out . It's all about how the structure. I was expecting this to develop in a channel (as shown on the pinned chart) but the 4th corrective up move did not go as high as I expected thus changing the structure to an ending diagonal from a wxyxz. The 5th wave down is in progress as was expected maybe one more sell after a correction then the up trend starts.
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Hi Anil, could you post an update for gold? This consolidation's break would seems nice to me for buying:
danielnguyentrung
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Totally agree with you, GOLD should retrace back to 1110 - 1120 before heading for a major drop.
Elliottician_SamRoy
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I agree with the idea of Ending diagonal. I had 12345 as my alternate counts but now they have got priority as Main counts. Please click the button to update chart
manijeh.kazemi.33
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thanks anil
awsomepharma
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Spot on! as you said.. way back...end of this year beginning of next for turnaround with AusUsd and similarly gold.Thank you