kingtechnic1

GOLD (XAU) Longterm 5 wave analysis (TF:1M)

FX:XAUUSD   Gold Spot / U.S. Dollar
Hello, I am King Technic


This is my analysis of the wave count of gold charts for the long term (several decades!) And what will happen!

Wave 1: Includes Sharp moves up to $ 700
Wave 2: correction wave for wave 1(pull back-retest of break out)
Wave 3: Formed after coming out of the relative ceiling and breaking it (the big wave 3 itself has 5 waves and we are forming wave of 5 of 3 in a few months.)
Wave 4: Correction of wave 3 and possibly break the trendline of wave 3
Wave 5: With a gentle and upward slope!

If you are interested, follow me for such posts
Say my name!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.