GOLD Wave analyis
Gold is in a tricky spot now. A solid reversal has formed on one side, while it can be construed as a continuation pattern, as well.
On hindsight, it might look as a simple head and shoulder pattern which can give a bearish breakout.
But, if you look closely, it is currently in a Elliott wave formation and it is currently going through a correction in the form of a triangle wave.
There are good chances for both the patterns to play out. However, taking fundamentals into account, we expect the triangle pattern to render a bullish continuation pattern.
On hindsight, it might look as a simple head and shoulder pattern which can give a bearish breakout.
But, if you look closely, it is currently in a Elliott wave formation and it is currently going through a correction in the form of a triangle wave.
There are good chances for both the patterns to play out. However, taking fundamentals into account, we expect the triangle pattern to render a bullish continuation pattern.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.