aibek

Gold breaks up triangle to hit 1860-1880

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Wave 4 emerged as triangle ABCDE.
The price broke above the BD trendline / upside of the triangle.
Target is between 1860 (Fib based) and 1880 (simple upside of trend channel).
Comment: Update
another zigzag shifted the wave D to the right and only now we will have a breakout
Comment: gold looks weaker than silver as gold/silver ratio plummeted huge
could be ending diagonal 5 of (5)

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