Looking at the daily chart and assuming my wave count is correct, seems gold has not completed its 5th wave.
The current place is the perfect place to go for the 5th wave and test the previous low at the same time (look at the images below)
The current place is the perfect place to go for the 5th wave and test the previous low at the same time (look at the images below)
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Daily view of the downtrend:
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H4 view of the possible 3 wave correction:
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Daily view, 27% and previous low:
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Taking the trade on 1H
