This is the possible wave count for the current gold market structure.
Break above the downtrend would initiate the reversal.
MACD is already in divergence with the price.
Break above the downtrend would initiate the reversal.
MACD is already in divergence with the price.
Note
UpdateGold is still in the narrow downtrend as MACD stubbornly rises
Note
Update. Heiken-Ashi candles.breaking above the trendline and need a daily close above it
Note
UpdateNote
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.