Oro al contado/Dólar estadounidenseActualizado GOLD 15M – Elliott Wave Structure and Blue Box Liquidity Zone
Hi fellow traders,
On the 15M GOLD chart, I am analyzing the current market structure using Elliott Wave principles.
The chart shows a developing corrective structure following the previous impulsive move. The wave labeling helps illustrate how the correction may unfold before the next directional move develops.
The blue box represents a liquidity zone, an area where price is often drawn to before the structure continues. These zones frequently act as magnets for price during corrective phases.
Just below current price, a small demand zone around 5100 may provide temporary support if price reacts before reaching the liquidity area.
Above the current price, the red zones represent supply, highlighting potential regions where selling pressure could return if the correction extends further.
Good luck and trade safe!
On the 15M GOLD chart, I am analyzing the current market structure using Elliott Wave principles.
The chart shows a developing corrective structure following the previous impulsive move. The wave labeling helps illustrate how the correction may unfold before the next directional move develops.
The blue box represents a liquidity zone, an area where price is often drawn to before the structure continues. These zones frequently act as magnets for price during corrective phases.
Just below current price, a small demand zone around 5100 may provide temporary support if price reacts before reaching the liquidity area.
Above the current price, the red zones represent supply, highlighting potential regions where selling pressure could return if the correction extends further.
Good luck and trade safe!
Nota
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Slightly modified the corrective structure.Nota
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Looking for 5175 level first - market will move in waves.Operación activa
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If we break 5014.94 (Invalidation level) the setup is no longer valid.Nota
Always keep an open mind as this is the 15min. TF. Structures and patterns will change..Nota
Operación cerrada: precio stop alcanzado
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We can conclude before the week ends that gold will likely continue lower.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.