The price of gold is currently experiencing a notable downward trend, aligning with our initial predictions. Anticipating further declines, we foresee the price dropping below the support level of $19 000. This descent could lead to the formation of the low point for the orange wave iii. However, we maintain a 25% probability of a potential upward movement. In an alternate scenario, the price would need to establish the blue wave alt.(ii) within the $2014.8 to $2064.5 range before beginning its downward trajectory.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.