Gold and Elliott wave corrective patterns

28. Aug. 2023

Hello traders. In this chart I want to review the possibility that we are in a corrective triangle. despite the fact that I expected a trend reversal from lows of July, the market managed to go down to the 1886 level to create a supportive trend line. as you can see in this chart, it seems to me that price is in a corrective 5 wave triangle and it can probably break this triangle upward in the coming weeks
http://bata4u.com/EW/images/ComplexStructure.png

31. Aug. 2023

Trade geschlossen: Ziel wurde erreicht