According to the dollar index, it is correcting after the growth of 5 waves, and the recent growth of wave A and the correction after it is wave B. The dollar index is currently improving
Gold completes the reverse triangle. For now, we have to wait for the last wave, the E wave, to start, and then we will have the price drop to the $ 1540-1500 range.
Gold is clearly in a correctional move that could move as high as $ 1827 and then enter a downtrend. A strong passage from 1832 would invalidate the analysis You can wait until the uptrend line breaks for a safer entry
Get ready for a great sell position After completing the 5th wave of c, gold can rise to $ 1761 in the first stage and fall to 1700
Convenient trading position for sale Stop loss 152,566
Wave c is completed and with the exit of the price from the diagonal ending, it is possible to enter the buying position with a loss limit of 1.17369
The trajectory of the bonds is quite clear
The upward movement of 5 waves is over and we have entered the correction phase
In the picture we see the pattern of the 5th wave extension. The wave will end in the $ 1875-1875 range and then drop in price to the $ 1760 range.
As we said in the previous post, after completing wave c from the flat, we will have an uptrend to the range of 1845-1856 dollars. The first part of this uptrend is over and it seems we should wait for a price correction to the range of 1775-1775 dollars
Gold is drawing a c at the end of the flat. After completing wave c, it can move up to 1860 or 1880. First we will have a price reduction to 1735-1735 in the form of wave 5
5 continuous terminal wave pattern that has provided a good buying position and can grow up to a certain limit. Then we will have a price correction to the uptrend line
In the picture you can see that the price after the reaction to the bottom of the downtrend channel and Fibo 100 expansion hidden divergence has formed and is ready to grow
With the failure of the uptrend line and the pullback to it, a favorable sales position has been created for us.