Daily Analysis on Gold Futures (GC) by ThinkingAntsOk
Use this as a guide to develop your view of the chart.
Main items we can see on the Daily Chart:
a)Our Count for the whole movement is a 12345 with a 5th on process
b)Currently, we are on a corrective zone, similar to the previous one (check the circles)
c)We think that the current corrective structure is a pennant pattern composed by ABCDE with a D on the process and a C remaining.
d)We will be waiting for the finalization of the corrective structure before developing a long trade towards the Daily Target.
Weekly Vision:
Main items we can see on the Daily Chart:
a)Our Count for the whole movement is a 12345 with a 5th on process
b)Currently, we are on a corrective zone, similar to the previous one (check the circles)
c)We think that the current corrective structure is a pennant pattern composed by ABCDE with a D on the process and a C remaining.
d)We will be waiting for the finalization of the corrective structure before developing a long trade towards the Daily Target.
Weekly Vision: