Gold, daily chart view presented here is suggesting that the overall triangle structure looks to be intact. As seen here, the probability of wave D having terminated at $1160 looks true. The contracting triangle formation since December 2017, could be well into its last wave E as highlighted here. If this holds good, we could see the yellow metal rising through $1250/70 levels in the coming weeks. According to the fibonacci correlations among waves within the triangle, wave E could be 61.8% of wave C, which is $1270. Until prices remain above $1160, probabilities remain on the north side.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.