04/11 Gold Weekly Update

Lookback

The gold price largely stayed within the same range, however over the last week we have changed our scenario to a more aggressive one.

Gold, 4hour

https://www.tradingview.com/chart/XAUUSD/p5xyqGYy-Gold-Update/

This Week

In the course of the week I reexamined the shorter term count and concluded that we may have passed wave a (circle) and are in the process of forming wave b (circle). I issued a sell ad-hoc alert that did not materialise so far as the triangle is still getting formed. The chart tells us that it may take another week to approach a sell point.

Gold 4hour