A clear explanation of forming the Gold’s bottom :

In a closer view on these frames of intra-day charts, After a leading diagonal as the first wave of wave (v), Gold extended the third waves of wave (v), then has formed a triangle fourth-wave. Currently, the latest fifth wave of the extended sequence will likely be ahead.

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

Note : I’ve presently shifted to the same first alternative.

Gold - Intraday 240Gold - Intraday 120


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