The gold price is still in the process of correcting Wave 4, and nothing has changed structurally.
Currently, the price continues to respect the corrective zone we have been monitoring, and the internal waves still support the complex WXY pattern. This tells us one thing:
⏳ The correction is not over.
Once Wave 4 is complete, the real opportunity will begin:
✅ First impulse up → confirms trend resumption
✅ Pullback (Wave 2) → optimal entry point
✅ Wave 3 → highest potential reward 🚀
If the price breaks above the current resistance zone from here, we will monitor the alternative count. However, as long as the structure hasn't confirmed it, we remain patient.
Remember:
Corrections are designed to test patience.
Wave 4 is historically the most complex wave; triangles, flats, and complex structures are common.
Remain disciplined. Let the structure settle. The next leg up will be worth the wait.
Currently, the price continues to respect the corrective zone we have been monitoring, and the internal waves still support the complex WXY pattern. This tells us one thing:
⏳ The correction is not over.
Once Wave 4 is complete, the real opportunity will begin:
✅ First impulse up → confirms trend resumption
✅ Pullback (Wave 2) → optimal entry point
✅ Wave 3 → highest potential reward 🚀
If the price breaks above the current resistance zone from here, we will monitor the alternative count. However, as long as the structure hasn't confirmed it, we remain patient.
Remember:
Corrections are designed to test patience.
Wave 4 is historically the most complex wave; triangles, flats, and complex structures are common.
Remain disciplined. Let the structure settle. The next leg up will be worth the wait.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.