GOLD – Fourth wave might have been in place – April 27th, 2021

It seems like wave ((c)) or ((y)) is over as a zigzag. As you can see on the 8hour chart below, the fourth wave of wave (C) might have been in place, so there’s a green light for wave 5 of (C) to begin. If so, the market should start rising towards the high of wave 3 of (C) in the coming days.

As shown on the one-hour chart, there’s an ongoing extension in wave (iii). Wave iv is almost over, so wave v of (iii) should begin shortly.

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