A clear explanation of forming the Gold’s bottom :

In a closer outlook on these frames of intra-day charts, After a leading diagonal as the first wave of wave (v), Gold has extended the third wave of wave (v). And now, the latest fifth wave of extended sequence is likely searching its extreme point, as an ultimate low.

Green idea : A leading diagonal, as a directional initial concept, conceptually would suggest to extend the following waves.

Gold - Intraday 120Gold - Intraday 60


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