Gold is developing a triangular pattern after completing an X wave . Wave (E) of this triangle appear to be completing.
After the end of wave C, we expect the ascending momentum to start. The desired ranges for wave completion are specified in the diagram.
IN D time frame We see 5 Wave Impus as 1 Or a. we expect Post Pattern ABC ZIG zag as a Increase Correction Will be Happen.
It is Just Analize. We WIth fo Complete Wave 5 And see Divergence...
I DO NOT Agree Short Position For Wave 5 TP.
I think senario 1: 70% Possibility and Senario 2 30 presents .
but Obviously 38500- 39000 Is Important Resistant, This zone is Tp Of wave c of wave 2 in senario 1 and in the past is a praice action Resistance.
we can Save Profit in This Zone and wait for Market Decision.
Not Financial Advisce.
I love that the end of the Elliott waves matches the PRZ of the harmonic patterns.
Wait for the failure to be confirmed
follow us and dont remember like and comment.
not finantial advise
