Check Main wave counts here:
Happy trades.. :)
My bias for Gold is still the same, "sideways"!
Look how many ups and downs whipsawed traders there. At the end of this triangle, we can prepare to go long to ride blue wace-C "IFF it still stays in the same context".
Happy trades :)
Current position of Gold (circled area) is correction-inside-correction-inside-correction scenario and nothing really to trade here as of now. Black wave-B could form any corrective pattern as zigzag, flat, triangle or even a combination so I really dont wanna touch Gold until this corrective wave-B (black) ends. Anyway, whatever corrective pattern wave-B (black) ends up forming, its first wave-A or W is done and second wave-B or X is underway or completed already and obviously third wave-C or Y is gonna be bullish. I am standing aside in case of Gold because its current price action can chop my account easily and repeatedly.