TradingView
TimeWaveTrading
Oct 16, 2020 1:50 AM

Gold Trend Analysis Update 

Gold/U.S. DollarFXCM

Description

Gold has both possibilities.
1) A-B-C Correction (including expanding flat)
2) 5th rising wave

Since both break above the last yearly resistance key level, staying above this resistance is very likely to lead to a 5th rising wave. Conversely, if it stays below this resistance again, it is highly likely to complete the correction and update the low.
More