Confirmation or a new LH GOLD! Study "Scenario 2"
For now, I don't think that gold made a turn. Hence, didn't complete a proper low, should it? Need a solid bullish turnaround to make a clear judgment.
From "Scenario 2" I for seeing that the wave in cyansish color need to be corrected for at least 38.2% and respected that area would also be the TP1 of the Bat harmonic, a conformation would be respecting 1751 with a double bottom reversal upward breaking the channel targeting 1830 area.
I have to hold on to my targets of wave 5-C-4 for now.
Please check Scenario 1 as well.
From "Scenario 2" I for seeing that the wave in cyansish color need to be corrected for at least 38.2% and respected that area would also be the TP1 of the Bat harmonic, a conformation would be respecting 1751 with a double bottom reversal upward breaking the channel targeting 1830 area.
I have to hold on to my targets of wave 5-C-4 for now.
Please check Scenario 1 as well.
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