fibonacci5
Long

Long/mid term Gold Elliot Wave pattern.

TVC:GOLD   GOLD (US$/OZ)
55 0 2
Wave A starts at the high in 2011 and completed at the label A at the beginning of 2016. The beginning of wave c of B is imminent signalled by the current extreme negative sentiment to gold             and bullish momentum divergences on daily chart . Wave c will be an impulse wave carrying price to above the wave a extreme at 1373.
Comment: Wait for 5 up and then enter on completion of 3 wave corrective pull back. Will post when it happens.
Comment: Wave c underway, Impulsive price action to the upside seems to be underway and should take gold to above the wave a high, See my latest Gold idea for stop and limit.
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.
United Kingdom
United States
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out