benchch

Gold hasn't moved up enough to convince me the zigzag is over,

FX:XAUUSD   Gold/U.S. Dollar
I thought we had finished the corrective phase and were in the 3rd wave of another up trend.

Wave 3 is not behaving like a wave 3. So I think This could be a C wave of a larger B wave. Meaning we have another 5 down on the way after this wave is completed. That 5 down will be the larger C wave

There are lots of wave labels on this chart. What I want to point out is marked in blue. With the notes to make it clearer

So we have slightly more upside to complete the B wave. Then more downside

United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out