Kru-KB

GOLD EW Wave analysis

Long
Kru-KB Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is reallty looking for positional atm.
It is forming WAVE 3 on the larger degree shown in Red color.
This WAVE 3 comprises of five impuse wave out of which WAVE 4 correction (WXYXZ) is about to be completed.

Just sharing a view but deriving trade based on the view is not difficult.
Comment:
Better redability Bi weekly chart

Comment:
Weekly chart
Comment:

See how nicely it is maintaining 0.618 FIB ratio to complete complex correction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.