ostadkoochak

ostadkoochak

Global gold is still in a price correction, and this upcoming downward wave may mark the end of the correction, in other words, it could be the end of the big wave 4.

ostadkoochak

The correction of the price of gold had certain complications and so far the most correct thing that came to my mind is this analysis.

ostadkoochak

After a long and upward rally that gold had, we have entered a corrective phase for some time and will continue to move to complete wave C of a corrective ABC.

ostadkoochak

In the formed wave structure, there is a strong probability that the fourth wave has been completed and I expect the price to fall to the specified area

ostadkoochak Updated 

Considering the behavior of gold, it is expected to decline at least to the specified level.

ostadkoochak Updated 

Valid stations for gold return, horizontal and inclined support levels

ostadkoochak Updated 

According to the wave conditions of Bitcoin, the possible direction of movement can be as follows.

ostadkoochak

The minimum ascent of the yellow area If it becomes impulsive, 5 paths can be imagined.

ostadkoochak

Considering the previous waves of gold, it is expected that the future behavior of gold will be similar to the specified path. This roadmap will be updated in the coming days.

ostadkoochak

According to the 5th step of the first correction, we will most likely see a zigzag pattern.

ostadkoochak

According to the corner pattern created in the Bitcoin price chart, I expect a drop to the minimum bottom of the pattern.

ostadkoochak

It seems that in the continuation of the corrective waves, we can expect the path of the waves to be labeled

ostadkoochak

Based on Elliott's harmonic waves, this wave count can be imagined

ostadkoochak

Due to the breaking of the valid support level and the pullback, the price can go down to the specified area.

ostadkoochak

According to the situation in the EURUSD chart I expect a new impulsive wave to start from this area

ostadkoochak

After hitting the desired resistance zone, the dollar index can drop to the specified levels.

ostadkoochak

In my opinion, gold will reach the specified levels in the form of an ABC correction.

ostadkoochak Updated 

A crown chart pattern is seen on the Apple symbol, and it is expected to rise to the specified target.