Gold in a corrective phase

FX:XAUUSD   Gold/U.S. Dollar
189 2 6
After the end of the 3rd rising wave at 1263.37, gold             is following an A-B-C corrective course. The apparent completion of the B-wave heralded by a head & shoulders formation & coupled by a Gartley pattern may lead towards the first target around 1210-1213. Although at first glance the C-wave             may seem a simple W-X-Y, a much more complex Y in extended form could unfold in the future. All will be revealed in due course.
Andrey.Ustinov PRO
11 months ago
Totally agree with your perfect analysis! Nice job! Seems bears won this time )
+1 Reply
cfetrader Andrey.Ustinov
11 months ago
Thank you Andrey for your appreciation of my work. Admittedly, it took me a few efforts to arrive at this gold price oscillation analysis, and I also believe that the time is right for a deeper correction. Will this represent a 4th wave or something more ominous, remains at the moment a difficult puzzle to solve.
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