GOLD-ZIGZAG pattern 5-3-5 found for connecting wave X) to 1953 ?
#OPINIONLEADER# #gold# #Commodities# #PriceAction#
MARKET COMMENTARY:
1. This is a 3 wave correction for the connecting wave as i shown and this is a zigZag (5-3-5)
pattern for the connecting wave X).
2. Wave b) also retraced the wave a) exactly 38.2 fib retracement and continue for c) wave
in 5 waves and i am expecting 1.618 fib exp for wave c) to 1953 expecting to get rejection.
3. Wave 4) is a running flat formation and it is well supported by the bullish channel as shown
here.
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