Elliot wave outlook for gold
Impulsive sub wave 3 " yellow counting is ended with the down breakout of the uptrend channel .
Bearish corrective sub wave 4 is being emerging and is expected to be strong down move " according to the alternation principle with wave 2 yellow counting " .
Overall Long term outlook in red counting is bullish and the main bullish wave 3 " red counting " still in progress according to my counting scenario if it was valid !
Don't take my analysis as trading advice!!
Bearish corrective sub wave 4 is being emerging and is expected to be strong down move " according to the alternation principle with wave 2 yellow counting " .
Overall Long term outlook in red counting is bullish and the main bullish wave 3 " red counting " still in progress according to my counting scenario if it was valid !
Don't take my analysis as trading advice!!
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