Gold 1680 or 1960 who will win ?
resistance 1960
support 1680
after making double bottom at 1680 we can be in the middle of abcde yellow chart pattern correction.
since correction can be abc flat or abcde yellow chart pattern, downside breakout of 1750 will confirm it was abc correction otherwise it is abcde correction with wave e starting at 1750.
wave c was 3x of wave a and wave e has its projected resistance at 1911 and 1960.
clear breakout blow 1680 will confirm major downtrend (first sign of breakout at 1750 )
support 1680
after making double bottom at 1680 we can be in the middle of abcde yellow chart pattern correction.
since correction can be abc flat or abcde yellow chart pattern, downside breakout of 1750 will confirm it was abc correction otherwise it is abcde correction with wave e starting at 1750.
wave c was 3x of wave a and wave e has its projected resistance at 1911 and 1960.
clear breakout blow 1680 will confirm major downtrend (first sign of breakout at 1750 )
