IgnatBorisenko

GOLD - wave going to be deeper

TVC:GOLD   GOLD (US$/OZ)
Wave is going to be deeper, so I'm not going to buy until a zigzag forms.
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im short until 1323
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@Ignat, Does it means the Gold price will be hammered this month ?
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great analysis!
i had somewhat the same views but a price overlap let me know that the move up was corrective. your 1,2,3,4,5 count is a valid count of what seems to be the C wave though. so be careful buying. this can lead to just a bigger corrective structure. looks like it will be forming a triple three. may also be why the bear leg down also looks somewhat impulsive
snapshot

snapshot
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