waleedkhan
Long

Gold 4th wave triangle pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
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Abcde triangle pattern before a bullish run to 1333-35 zone...


Updated triangle pattern possibility (the first one was incorrect and done in a rush). This one is a possibility still. A very similar pattern occured in USDCAD a couple of weeks ago before it broke out on the upside; however that was a triple flat ABC correction...
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waleedkhan waleedkhan
This pattern so far looks like a flat x zigzag correction...

We are now in wave c of the zigzag...Hopefully given the cirumstances we should find support above 1291 which should make this wave truncated or then it might just end up being a consolidation c triangle...
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