GOLD-Will make 5 waves or WXY pattern ?
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MARKET COMMENTARY:
1. As per my previous view it bounced and formed a triple bottom @ 1675 zone.
2. Now whether it is a making a 5 waves for a ZIGZAG pattern or it is making a flat correction in WXY formation as shown ???
3. Have to wait for the pattern or structure to complete and then we will enter in BUY for short term not for long term with valid stop as well.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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