Gold (Neowave Cycles)

Degree full forms-
L1 stand for Long term wave 1 and so on
L1 stand for Medium term wave 1 and so on
s1 stand for short term wave 1 and so on


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Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles.

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Short Term view-

Medium Term Forecast

Long Term Forecast

Komentarz:

Hello Everyone

In During intraday gold has break 2027 and than break the low again of 2020

Only logical explanation for this kind of behaviour is that we are entering in an contracting triangle which will consume a lot of time.
For downside we need to break 2009.5 so either wait for that to break or let the triangle complete the structure.