Gold last leg up.
Two scenarios are likely to happen:
(i) Expanded Flat Correction shown in red.
(ii) Zigzag correction shown in white.
In my opinion expanded flat correction is more likely to happen logically
when stocks indices are expected to make a lower low and technically
the Daily TF trendline hasn't broken yet which confirms overall uptrend.
Max upside should be 2100-2105$
There is another scenario which also confirms similar results.
For those who are thinking gold will reach 2500$, a grand salute to you.
Not an investment advice, DYOR before trading or investing.
Two scenarios are likely to happen:
(i) Expanded Flat Correction shown in red.
(ii) Zigzag correction shown in white.
In my opinion expanded flat correction is more likely to happen logically
when stocks indices are expected to make a lower low and technically
the Daily TF trendline hasn't broken yet which confirms overall uptrend.
Max upside should be 2100-2105$
There is another scenario which also confirms similar results.
For those who are thinking gold will reach 2500$, a grand salute to you.
Not an investment advice, DYOR before trading or investing.
