Like a playful dolphin, gold has jumped above the resistance at $1770, only to dive right back into the blue zone between $1751 and $1709. Now it has to decide whether it wants to do some more tricks in the water or has already completed wave (ii) in blue. As soon as it has finished the counter movement, though, gold should climb out of the blue zone and above the resistance at $1770, thus confirming the upwards movement. However, there is a 38% chance that gold could leave the blue zone on the lower side and drop below the support at $1709. In that case, it should continue the descent below the next mark at $1678 and into the green zone between $1661 and $1585 first, before rising again.
š Daily market insights combining macro + Elliott Wave analysis
š Spot trends early with momentum, sentiment & price structure
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š Spot trends early with momentum, sentiment & price structure
š Join thousands trading smarter at hkcmglobal.com
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š Daily market insights combining macro + Elliott Wave analysis
š Spot trends early with momentum, sentiment & price structure
š Join thousands trading smarter at hkcmglobal.com
š Spot trends early with momentum, sentiment & price structure
š Join thousands trading smarter at hkcmglobal.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.