GOLD: weekly wave analysis

Daily. The pair keeps forming the final part of the long sloping triangle. We see the development of the bullish zigzag [E]. The pair is currently forming the end of this wave.

H4. The market is forming the final upwards impulse (C). It seems that in the previous days the pair has formed the wave 4, which looks complete. As a result, in the near term we expect the pair to go up in the wave 5.

Scroll to top