GOLD Tracking Minor Waves in Gold Short Trade
It's important to note that I get my confidence from the larger wave count.
The waves are pretty amazing when you really get into the characteristics of each correction.
For example the previous wave E is a critical component of this analysis but the waves that came before that E wave are even more intriguing.
A deep retracement in green Wave 2 found resistance at the end of blue Wave 1 which is not that surprising.
1729.512 remains in place as critical resistance.
We need to see a sharp break lower through 1691.773 to get convincing evidence that this move is actually now a wave 3.
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The waves are pretty amazing when you really get into the characteristics of each correction.
For example the previous wave E is a critical component of this analysis but the waves that came before that E wave are even more intriguing.
A deep retracement in green Wave 2 found resistance at the end of blue Wave 1 which is not that surprising.
1729.512 remains in place as critical resistance.
We need to see a sharp break lower through 1691.773 to get convincing evidence that this move is actually now a wave 3.
Please LIKE and FOLLOW to get notification of updates and future posts.
