Third WAVE is trying to take shape but fundamentals don´t help.
If good news take presence in the next days or weeks, we can see the 3th and 4th wave.
And the correction of 3th wave probably will be very short because 1th wave is very long.
See what happen!
Thursday 24 and Friday 25 are KEY DAYS for REVERSAL BREAK UP.
You can OPERATE previous UP and DOWN... and after take advantage with the BREAK of pattern.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the ...
Well, Well... we can see that the new wave is in process of a long journey to aprox. 53.00 USD. In the bottom you can see the first microwave 1-2-3-4-5 , its correction ABC and the second microwave 1-2-3-4-5. It have a nice rythm. You can take advantage in this first moments and be LONG TRADE or CALL options.
I think that the formation 1-2-3-4-5 is finished and the Gold need a NEW SUPPORT for the next Elliot wave.
I give you two possibilities for this support point: 1282 and 1278.
If in the top rigtht now appear lateral formation, the correction will be 50% of the 1-2-3-4-5 wave.
But if in the top right now don´t ...