im forcasting this ending diagonal to sell gold. the 5 waves up were tricky but i believe it will be over soon giving us a deep correction to form BC leg to fib .707 and from there we start to buy again to complete the CD leg. gold has been moving in 3 waves on larger time frames and we look like we are in a triangle on a larger time frame so i have to expect 3 waves in this triangle. the next thing i believe is that there are two types of impulse waves continuation and corrective with 5 waves with clean impulse waves being continuation and 5 waves with choppy impulse waves being corrective and these corrective 5 waves always seem to have some sort of extended impulse wave which to me when i investigate seem to be multiple 3 wave patterns forming a 5 wave corrective impulse. LIKE IF YOU AGREE COMMENTS ARE WELCOME.
Comment:
looks like it wants another leg up. LIKE IF YOU AGREE COMMENTS ARE WELCOME.
Trade closed manually:
did not update this chart for a bit gold is now flagging to sell. this is my last post till i create a business acc.