1. In terms of the gold 4-hour level, since the decline began in 1952, there has only been a yellow center-A. The intensity after the 1947 drop left the center was greater than the previous 1952-1901, and there was no divergence. Then, two blue centers - A and -B appeared in the 4-hour sub-level 30-minute level and diverged on Friday night. Currently, the 30-minute level MACD has crossed above the zero axis and stabilized. Combined with the closing pattern of the daily chart, the bottom parting pattern is established. The KD indicator of my trading system also showed signs of turning on the daily chart. Therefore, it is judged that next Monday gold will start to complete an upward move at the 4-hour level. After a few moves back and forth, it will form a second yellow center-B. Finally, a consolidation and divergence will occur and it will leave the yellow center-B downward. 2. Gold 4-hour level
wave Count: Gold has been following the white second prodigal wave and the yellow abc wave correction since May 3. I expressed my opinion on this on May 4 and have continued to track and analyze this idea. At present, it is in the early stage of the rebound of the yellow c prodigal wave and the green fourth wave. After the rebound, there is a green fifth wave of decline.
wave Count: Gold has been following the white second prodigal wave and the yellow abc wave correction since May 3. I expressed my opinion on this on May 4 and have continued to track and analyze this idea. At present, it is in the early stage of the rebound of the yellow c prodigal wave and the green fourth wave. After the rebound, there is a green fifth wave of decline.
