Gold was falling for a long time without a good pullback.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
Note
Note
Think of moving stop to breakevenNote
Note
zoomed
Note
correction deepened and became more complex
Note
gold failed to break the earlier top of wave A so we got another leg of correction to the downside
Note
Note
Triangle was broken down - return to classic flatNote
the last wave unfolds and the target area is shown in the chart between 1235 and 1250
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.