So far it has made a ABCD harmonic pattern from 1.63 low to 2.67 high
The question now is - how deep a retrace will we see?
The purple trendline is very steep trend channel but fits well with an possible aggressive coming Elliott Wave minor 3 of 3. That goes also well i hand with this wave 3 reaching a 1.618 extension.
The other trend channels can't be ruled out just yet. Fits in well and with a bigger retrace in gold... we might see one of the other trend channels come in to play
But nothin is for sure yet
So safe trading ladies and gents!
BM
Music at work:
open.spotify.com/tra...QFBPN601iKl6nGNHY1sh
The question now is - how deep a retrace will we see?
The purple trendline is very steep trend channel but fits well with an possible aggressive coming Elliott Wave minor 3 of 3. That goes also well i hand with this wave 3 reaching a 1.618 extension.
The other trend channels can't be ruled out just yet. Fits in well and with a bigger retrace in gold... we might see one of the other trend channels come in to play
But nothin is for sure yet
So safe trading ladies and gents!
BM
Music at work:
open.spotify.com/tra...QFBPN601iKl6nGNHY1sh