Gold Triangle Pattern Could Send Price Lower
Hi Traders,
Gold has been trading sideways after a strong decline last week. This sideways price action fits for Elliott Wave triangle pattern which usually forms in the fourth wave.
If this count is correct, the price should break out of the pattern and head lower.
What's your view on Gold? Let me know in the comment.
Gold has been trading sideways after a strong decline last week. This sideways price action fits for Elliott Wave triangle pattern which usually forms in the fourth wave.
If this count is correct, the price should break out of the pattern and head lower.
What's your view on Gold? Let me know in the comment.