GOLD on 4h chart seems to stop dropping now.
This is a corrective wave to us so far, from 1210-1293.
AB corrective wave could follow up with a new 3rd wave up to E or higher position.
B to E is not simply a straight up wave without pause.
It could break down again from C to D.
Th red arrow will happen if price cant go higher than 1310.
That will make red channel happen.
Less is more!
This is a corrective wave to us so far, from 1210-1293.
AB corrective wave could follow up with a new 3rd wave up to E or higher position.
B to E is not simply a straight up wave without pause.
It could break down again from C to D.
Th red arrow will happen if price cant go higher than 1310.
That will make red channel happen.
Less is more!
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