Silver updated chart inspired me to redraw the gold chart
Overall, the trend is similar, however the internal structure is different
It's ABC zigzag in wave 4
Wave B is irregular flat
Final wave C is almost done as 4 out of 5 waves are completed
RSI confirms that count
Wave 5 of C of (4) should retest the valley of wave 3 at $3,955 as a minimum
Next target for this final drop is located at $3,720 where wave C is equal to wave A
Downtrend's support is below at $3,600
Lower degree wave 4 is further down at $3,300
Overall, the trend is similar, however the internal structure is different
It's ABC zigzag in wave 4
Wave B is irregular flat
Final wave C is almost done as 4 out of 5 waves are completed
RSI confirms that count
Wave 5 of C of (4) should retest the valley of wave 3 at $3,955 as a minimum
Next target for this final drop is located at $3,720 where wave C is equal to wave A
Downtrend's support is below at $3,600
Lower degree wave 4 is further down at $3,300
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.