🪙 Gold – Complex Correction in Play 📈📉
📊 Wave Structure
• 🟢 Gold started its corrective phase after hitting $4100 (23 Mar) → formed A wave.
• 🔄 Retraced less than 61.8% → created B wave (27 Mar).
• 📈 Then rose in a C wave, completing a zig‑zag correction.
• ❌ Failure to fully retrace the C wave signaled a complex correction (X wave).
⚡ Current Setup
• 📈 After X, price rose in A wave.
• 🔄 Retraced >61.8%, confirming a flat correction → B wave.
• 🚀 Now continuing in C wave, with potential upside towards $4900.
🔑 Key Levels & Signals
• 🎯 Upside target: $4900 (completion of C wave).
• 📉 Downtrend confirmation: Break below B‑B trendline.
• ⚠️ Caution: Wait for sell‑side confirmation before entering shorts.
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📝 Trading Plan
• 📈 Bullish bias until $4900.
• 📉 Switch to bearish only after breakdown below B‑B trendline.
• 🕰️ Patience is key – avoid premature entries.
📊 Wave Structure
• 🟢 Gold started its corrective phase after hitting $4100 (23 Mar) → formed A wave.
• 🔄 Retraced less than 61.8% → created B wave (27 Mar).
• 📈 Then rose in a C wave, completing a zig‑zag correction.
• ❌ Failure to fully retrace the C wave signaled a complex correction (X wave).
⚡ Current Setup
• 📈 After X, price rose in A wave.
• 🔄 Retraced >61.8%, confirming a flat correction → B wave.
• 🚀 Now continuing in C wave, with potential upside towards $4900.
🔑 Key Levels & Signals
• 🎯 Upside target: $4900 (completion of C wave).
• 📉 Downtrend confirmation: Break below B‑B trendline.
• ⚠️ Caution: Wait for sell‑side confirmation before entering shorts.
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📝 Trading Plan
• 📈 Bullish bias until $4900.
• 📉 Switch to bearish only after breakdown below B‑B trendline.
• 🕰️ Patience is key – avoid premature entries.
Pubblicazioni correlate
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.