Comex Gold- Are You Ready for Boom -4th April 2023


Comex Gold – Are we Ready for Boom (Triangular Pattern)

Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences.

This is something unfolding realtime for comex gold.

Triangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility .

What Next?

Thrust Possible beyond 2015$ & Comex Gold can attempt previous highs of 2075-2078 zone.

3rd April 2023

4th April 2023 – Half Way Mark Done at 2040$

Thank you reading.

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Abhishek H. Singh, CMT

An accidental engineer turned into financial sales career for brokerage firms in 2006 & destined to become Elliott Wave Analyst. Heading India Business for TradingView Inc is an extension of my passion.

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