XAUUSD Analysis: The Wave Principle – 06/27/2024
Dear Friends,
I have developed an analytical idea about the current state of the gold market based on the wave principle and my personal experience.
Explanation of the current analytical idea:
The third wave has been completed and now the larger wave’s degree is being corrected until the fourth wave is completed to the same degree, forming a running triangle pattern. After that, the bull market is expected to continue to the fifth wave of the same degree, which is one degree larger than the current one that completed the third wave.
It is important to note that the movement of prices in financial markets is governed by a series of rules and is not influenced by news. If you are interested in learning more, I cordially invite you to visit our channel where we provide a weekly outlook with various market updates.
Thank you for your time and attention.
With respect,
Mr. Nobody
1 Comment
Perfect