Gold Bullish parallel channel
Gold is trading in parallel channel if we go more precise than we have pitchfork with 1.618 and 2.382 parallel.
This trend is 5 wave rally with 3rd wave extension of 3rd wave. After the 5 wave up trend we expect trend reversal that is ABC correction. Breakout outside this channel will confirm bearish correction upto 1815 which 38.2% percent of entire movement.
This trend is 5 wave rally with 3rd wave extension of 3rd wave. After the 5 wave up trend we expect trend reversal that is ABC correction. Breakout outside this channel will confirm bearish correction upto 1815 which 38.2% percent of entire movement.
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