7pasos

Gold decline is also in extended 5

FX:XAUUSD   Gold / U.S. Dollar
171 0 0
As told you yesterday, the commodities thend to have more chances to show an extended 5th wave.

In rise we saw the "fear factor" who trigger the coverage and therefore the vicious cicle of increase of prices then more coverage.

Well to the sell part the extended 5th waves thend to be formed as the clearing houses increase the need of colateral
when the price moves in a fast way. This increase of collateral make more traders cut out the positions exacerbating the sell off.

This is my actual take on the gold             decline observe how here the fifth wave is almost all the falling and the 5ths keep extending.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out