ArshiaRahimi

NEoWave Analysis of Gold Chart within Daily time frame

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
following the previous analysis, it appears that gold exists within a daily time frame in a combined structure of a diametric plus Neutral Triangle Reverse Alternation. To be more exact, we are now in the D wave of the triangle which is a descending wave. afterwards, we should be observing an ascending E wave so the combined structure will be complete and we get into another descending wave that the starting point of D wave is higher than degree.

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