Currency Analyst since 2010

Gold: wave analysis

Weekly. Gold traded last week in line with the alternative scenario. The formation of convergent horizontal triangle IV has been completed, the market began declining in the new bearish impulse V. This week is expected to continue sliding in this wave.

Daily. The metal is currently developing wave [3] of V. In the next few weeks its formation will continue.

H4. Most likely, the market will continue a gradual decline with a few stops on the formation of ascending or horizontal corrections. Now XAU/USD is making one of these corrections. In the near future it will be completed, and the fall of the pair will continue.

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