For Gold i believe we have yet to complete our corrective structure for Wave 4 within the Major Wave 2 which is unfolding as a Triangle. I believe this Wave 4 is unfolding as a Flat structure.
Within the mentioned Flat Structure for Wave 4 we have completed its Minor Leg A and Minor Leg B which are both in 3 waves pattern. Now we are in the midst of completing our Minor Leg C which is unfolding in a 5 wave pattern as Flats are structured in a (3-3-5) Pattern. Within the Minor Leg C that is expected to unfold in 5 waves move down we are currently in its 4th wave. We seem to be doing a triangle corrective structure for its 4th wave before we push down again for its final 5th wave.
After that push down we will be solely looking for BUYS as we would be starting our last Bullish Movement for Wave 5 which would then complete the triangle for Major Wave 2. After that we may see gold DROP big time. Will update as and when Major Wave 2 Completes.
Take Profit area are solely dependent on the wave counts.
Within the mentioned Flat Structure for Wave 4 we have completed its Minor Leg A and Minor Leg B which are both in 3 waves pattern. Now we are in the midst of completing our Minor Leg C which is unfolding in a 5 wave pattern as Flats are structured in a (3-3-5) Pattern. Within the Minor Leg C that is expected to unfold in 5 waves move down we are currently in its 4th wave. We seem to be doing a triangle corrective structure for its 4th wave before we push down again for its final 5th wave.
After that push down we will be solely looking for BUYS as we would be starting our last Bullish Movement for Wave 5 which would then complete the triangle for Major Wave 2. After that we may see gold DROP big time. Will update as and when Major Wave 2 Completes.
Take Profit area are solely dependent on the wave counts.