Gold how is this correction unfolding (Elliott Wave Analysis)
It looks like that till now the correction has been an Double Zig Zag type of move, perfectly moving within the channel.
Noteworthy point : Wave A = Wave C in both the Zig Zags.
The 50-60 region is near 1250 to 1253, generally if the market takes support above this level it should atleast testing the most recent high near 1260.
As long as this market remains below 1253 my bias remains bearish.
Let's see how this market unfolds.
Noteworthy point : Wave A = Wave C in both the Zig Zags.
The 50-60 region is near 1250 to 1253, generally if the market takes support above this level it should atleast testing the most recent high near 1260.
As long as this market remains below 1253 my bias remains bearish.
Let's see how this market unfolds.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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