Gold moved to new ATH as expected after price action from the last two months looked corrective. It was the fourth wave, ideally a triangle so that push higher, up to 2480 was a fifth wave of an extended III, now already done because of a sharp turn south last week. It looks like an intraday impulsive bearish reversal so more weakness can be coming, ideally down for a new higher degree wave IV. In such case, I will be tracking an A-B-C decline back to 2300-2340 area.

GH
Elliott WaveGoldXAUUSD

BLACK FRIDAY DISCOUNT -30%
CODE: bf30
👉wavetraders.com/elliott-wave-plans/

Learn Elliott Waves
👉 wavetraders.com/academy/

Newsletter Sign up
👉 bit.ly/3FVPVzO
يعمل أيضًا:

منشورات ذات صلة

إخلاء المسؤولية