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Basbaasfx
Dec 15, 2021 10:21 PM

Gold Elliott wave analysis Short

GoldOANDA

Description

As indicated on the chart, Gold is bearish
We are under wave 5 and due to wave alternation principles
waves 1 and 2 didn't extended and the coming sub-wave 5 of 5 should extend
which will deliver us a good trading opportunities.

I can be at a wrong counting, kindly add your inputs in comments below

Thank you
Comments
orgilryu213
Wave 4 should be much shorter. I think thats not a wave 4. And with recent FOMC report and fundamentals are bullish side on gold. Good luck
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