fibonacci5
Long

Elliott Wave c of larger degree B underway. BUY GOLD.

TVC:GOLD   CFDs on Gold (US$ / OZ)
62 views
2
Impulse wave c of a larger degree wave B which is playing out as an abc zig zag appears to be under way and should take gold to above the wave a high on this chart. Risk/reward ratio of at least 8.
Comment: This abc formation can also be labelled as a wxy the trade is still the same. If the proposed wave upwards is a "y" wave rather than a "c" wave it's form would
Comment: This abc formation can also be labelled as a wxy the trade is still the same. If the proposed wave upwards is a "y" wave rather than a "c" wave it's form would be a combination wave rather than an impulse wave in Elliott wave classification. It should still carry to above the peak labelled a on this chart. It is also possible that gold will make one more low before the wave up starts as the price actin in the red zone on the chart could be read as a flat.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out