Daily - Gold is bullish, creating a leading diagonal after a flat correction (3-3-5) - 4 Waves of the bullish leading diagonal completed waiting for Wave 5 confirmation.
H4 - The last leg 5 waves of the leading diagonal in motion with only wave 3,4 and 5 outstanding - The 8th of March 2024 is NFP day. More buys were seen on gold during the week leaving more liquidity to be collected by the big banks. - We expect a correction on Gold during the NFP session (wave 4)
Hello wave trader here correct me if I'm wrong but I believe leading diagonals usually occur in Wave 1 and A. If we are in Wave 5 on the daily I think this would be an ending diagonal which may end with a reversal. Great analysis though I see 2190-2200 as a great take profit area as well.