I think we are waiting for a strong move up towred 1272 .
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stell we are going to our target .
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may b gold has more space to run :
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Parabolica
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I do not understand the correction w(2) on your chart an w(B) on my chart. Gold tends to make corrections that appear to be 5wave w(A) corrections of zigzag but than she thrusts up- or downwards. How do you define your w(2).
hussain9
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@Parabolica, wave (4) in your chart is my wave (2). the increase in volume is suggestive of a possible 3rd wave forming .
hussain9
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@Parabolica, and about he correction you are sking about , it was an expanded Flat . I am predicting and the price action will confirm or invalidate :
I do not understand the correction w(2) on your chart an w(B) on my chart. Gold tends to make corrections that appear to be 5wave w(A) corrections of zigzag but than she thrusts up- or downwards. How do you define your w(2).