Correction abcde in upwards wave 4. Before going as impulse completing wave 5.
buy last impulse in a double three correction (wave A)
Go long when price hit bottom of channel.
Complete wave c and we have wave 4 fully constructed and after that we turn the gold up high in the sky
As per ew marking, making a zigzag correction
Please observe the level that i marked in circle. I have put my PO sell limit around there. This is just my analysis.
Part of zigzag correction component Impuse-correction-impusle Eu is making an impulse selling downsouth
1. Truncated wave 5 means the current wave is making abc correction upwards 2. This impulse and correction waves can be constitued as wave 1 &2. 3. Further downside is expected to finish up the C leg.
Making last w5 wave before going up.
After a decisive impulse move down, its correction time, Fibo trend ends at 4.236