At the current market price, Gold seems to be completing the forth wave of an ending diagonal of the "Fifth of the Third". We expect a rise in price to the levels indicated in a price chart, then will be followed by a bigger corrective move in the Forth wave of the greater degree.
NOTE: currently the market is at the zone, therefore, wait for market actions at this level until it confirms the upward three wave move.
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NOTE: currently the market is at the zone, therefore, wait for market actions at this level until it confirms the upward three wave move.
For ant trading opinions on this analysis, share on a comment section. THANK YOU.
Comment:
Remember, the forth wave sometimes my exhibit a THROW UNDER. Therefore be careful with market action at the current price.