Home Polls & Quizzes Gold Moves in a Diagonal Ending Structure: Which way to Go?

Gold Moves in a Diagonal Ending Structure: Which way to Go?

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XAUUSD is moving in a kind of Diagonal Ending Structure, a pattern described in the Elliott Wave Theory. The actual wave count seems to call for a last 5th wave before a trend reversal.  But the pattern is also a pennant which shows the bullish strength has diminished and is currently weak, so it could break sooner.



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Which way will Gold move short-term?

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