Start of Wave-(b) and Neutral Triangle

78
As I said in the second paragraph of the previous analysis, wave-(a) ended at 3500 and the gold price fell by 7% (over 2000 pips) and now wave-(b) has started.

1M Cash Data Chart

snapshot

I think that a neutral triangle or a reverse contracting triangle is forming, with the completion of wave(b) we can somewhat understand which pattern is forming.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.