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themonitrix
May 6, 2020 7:10 AM

GOLD to complete Wave 5  Long

Gold/U.S. DollarFXCM

Description

Hi Guys,

Just a humble analysis of mine. Price are now have complete the 3 Correction Wave on Impulse Wave 4.
The previous double top is the resistance level for fibonacci ext 2.618.
From what i see, price already on the bullish trend to complete wave 5 at 1837 (fibonacci ext 3.618 area).
However if price failed to break 1735 area. It might make another correction wave before continue the journey to 1837-1840.

This theory will be invalid if the price break 1665.

Please share your idea and comment on my theory below.

THANK YOU for your support.
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