Hello friends
In the price of gold, we see the formation of a 5-wave bearish pattern.
This pattern usually appears in zigzag form and their waveform is 5-3-5.
Currently forming wave A, which is 5 waves.
Wave B corrects wave A in the form of 3 border waves and usually 61.8.
C wave is also (like A wave) 5 waves and is about 100 or 161.8% of A wave.
Therefore, we expect the price of gold to fall, then to correct it in the form of an increase in price, and then a further decrease.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the price of gold, we see the formation of a 5-wave bearish pattern.
This pattern usually appears in zigzag form and their waveform is 5-3-5.
Currently forming wave A, which is 5 waves.
Wave B corrects wave A in the form of 3 border waves and usually 61.8.
C wave is also (like A wave) 5 waves and is about 100 or 161.8% of A wave.
Therefore, we expect the price of gold to fall, then to correct it in the form of an increase in price, and then a further decrease.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.