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PHICAPITALINVESTMENTS
Sep 28, 2022 6:33 PM

(D) XAUUSD GOLD 3-3-5 FLAT CORRECTION Long

Gold/U.S. DollarFXCM

Description

Looks like a nominal 3-3-5 Flat correction with some overselling on Gold, should turn for upside soon.

Comment

Keep in mind on the macro time frame for Gold, it is also possible we are forming a multi decade 3-3-3-3-3 Triangle pattern for upside, perhaps Expanding Triangle. Need to see the smaller time frame Flat mentioned above get invalidated first to be confident in this.

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