A typical peak scenario for a V-shaped five-wave Elliott wave in gold
Horizontal range The last idea’s Potential Reversal Zone (PRZ) between 2395 and 2406 has been repeatedly crossed, creating a wider sideways range between 2415 and 2385. This range is where gold is projected to remain till it breaks above 2415 or below 2385. Exuberant prejudice About 2385 Assistance. Gold may have a short-term bullish bias…