ThirdWaveUp

GOLD short 4th wave triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
I am still waiting patiently for this triangle correction to complete. My confirmation will be when I see the red HA bars below the support line (purple arrow). If the market breaks above the resistance line with green HA bars, I will re-evaluate my wave count and remain neutral.

Gold             has now painted more bars than in the green "II" wave, which we would expect in a triangle. This time zone is represented by the shaded green area.

Seeing the smaller degree triangle (grey) within the larger degree triangle is not uncommon.
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