Gold

Gold ended the week with 3 straight rally days. The overall five-wave impulsive sequence up that started at 1072, would indicate that a larger countertrend rally in anticipated Minor wave C has indeed started.

As shown on the charts below, the Minor wave C could traced out in an impulsive five-wave or three-wave sequence, to develop Intermediate fourth-wave (not shown) as a “flat” or “triangle” correction.

Gold - DailyGold - Daily1

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2 thoughts on “Gold

  1. Raj

    sir, when you mention b wave correction on gold. Can you post a fib value at least if not the pip value. In your chart, is that a 38.2 or a 50% retrace? thank s a million..

    Regards
    Raj

    Reply

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