Gold has been trading sideways, in a symmetrical triangle Elliott Wave corrective impulse. This is an advanced wave, but is basically a pennant. Notice how the Kovach OBV has subsided drastically. Watch for a retracement to one of the Fib levels below before another burst of momentum

Gold trades sideways

Gold in a sideways triangle correction.


Leave a reply

Your email address will not be published. Required fields are marked *


©2021 Ghost Squawk

Log in with your credentials


Forgot your details?

Create Account