GOLD Flat correction about to Complete! New High Awaits?
Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time.
Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern
Wave B retraces 90% of A and then Wave C breaks low of A.
Wave C is 5 wave impulse or diagonal structure
Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$
After low near these levels one can wait for break of 1808$ to consider move beyond 2075$
If wave C goes beyond 1600$ mark then this Analysis will be invalid.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern
Wave B retraces 90% of A and then Wave C breaks low of A.
Wave C is 5 wave impulse or diagonal structure
Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$
After low near these levels one can wait for break of 1808$ to consider move beyond 2075$
If wave C goes beyond 1600$ mark then this Analysis will be invalid.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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