In its first correction leg, gold made a 5-wave move to down on the weekly time frame. The gold market moved in a near symmetrical proportion, slightly inclined toward an expanding market.
It currently completing its corrective B move in weekly time frame, where it is expected to reach at about 1380. It then expected to start its C wave, in 5-wave structure manner which brings the precious metal to less than 560 levels, if not less, within next 5 years.
This is for educational purposes only, not a trade idea/signal. Let the market evolve first.
Hamed Aghajani
Newcastle upon Tyne, UK
26/05/2017
22:00 BST
It currently completing its corrective B move in weekly time frame, where it is expected to reach at about 1380. It then expected to start its C wave, in 5-wave structure manner which brings the precious metal to less than 560 levels, if not less, within next 5 years.
This is for educational purposes only, not a trade idea/signal. Let the market evolve first.
Hamed Aghajani
Newcastle upon Tyne, UK
26/05/2017
22:00 BST