GOLD - When does the second wave finish?
TRIGGER is required for any arrows on the chart. Read the below please:
After reacting from the highest top,
GOLD
is on the way to completing its second wave - i.e. the correction wave two. Meanwhile, it seems that the second wave is trying to be a big AB=CD. However, the sellers' power is not enough to make the
GOLD
price reach PRZ. I personally expect that TRZ of gold will be finished without having down movements bellower than $1875. But break-down of $1916 and having a pullback to it (blue arrows in my chart), will bring us a good opportunity to have a sell till $1875 with TRZ of April 22-25, 2022.
In the long run, I am waiting for the breaking $1965 and a slow pullback to it, to have a long position and gain from the big wave three.
After reacting from the highest top,
GOLD
is on the way to completing its second wave - i.e. the correction wave two. Meanwhile, it seems that the second wave is trying to be a big AB=CD. However, the sellers' power is not enough to make the
GOLD
price reach PRZ. I personally expect that TRZ of gold will be finished without having down movements bellower than $1875. But break-down of $1916 and having a pullback to it (blue arrows in my chart), will bring us a good opportunity to have a sell till $1875 with TRZ of April 22-25, 2022. In the long run, I am waiting for the breaking $1965 and a slow pullback to it, to have a long position and gain from the big wave three.