Trader, analyst and instructor with a 6-year experience

GOLD: weekly wave analysis

Roman Petuchov

Weekly. The market continues developping a bearish corrective wave [4], that takes a form of the simple corrective zugzag (a)-(b)-(c). Final part of the wave (c) is now being built.

Daily. On the new week the market is expected to decline in the impulse [5], look to go short. 

H4. Wave [4] took a form of a double bullish zigzag. Price is expected to decline in a wave [5].

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