cfetrader

Gold A-cycle ending

FX:XAUUSD   Gold / U.S. Dollar
96 3 4
Two A-cycle (since 2011) terminal options present themselves: (a) Primary, whereby a 3 drives bullish pattern leads prices towards 1008 (December 28th) and (b) Secondary, whereby a W-support forms around 1080 (presently). The market price action as always will guide us to the proper scenario.
Nice
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cfetrader VRShaiju
Thank you VRS. For the sake of completion a daily bearish Wolfe wave gives a target of 1013 around December 18th. There are plenty of possibilities.

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For the record there are 2 possible bullish 3 drives patterns.

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