Hi guys
After the completion of the correction pattern, gold will definitely have a strong rise referring to (Elliot wave principle) the gold market has always been associated with a wide fifth wave, so this is likely to happen, market psychology says that whatever becomes expensive in the world, everyone enters it for investment, like Bitcoin Well, I know what everyone thinks???? It comes from 67000 dollars ??? On $16,000??? Do you think I'm wrong?
Friends, but gold and its analysis!!! There is a wave 1 and 2, where the wave 2 has not recovered 100% of the wave 1, then again a wave 1 and 2, which has been corrected a little, and then a good leading diagonal. What do these tell us that the market is very bullish. In my opinion, they are continuing with these pullbacks or the correction pattern, at the same time, after the completion of 5 waves, a deep correction may take back 50-60% of the market.
Good luck and be patient in your transactions
Wave Analysis

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