롱
Gold

Gold is bouncing back by taking support with hammer candle at parallel channel's bottom, and also follow up.
If it holds hammer's low, then it can show momentum towards top of the channel and more.
As per waves structure it's like running flat, in parallel channel as corrective phase, now we can assume that impulse is going to begin or already have started.
Wave Structure could be like this

Key Levels are Mentioned on chart

Running flat in parallel channel

Weekly macd is positive and flat after down tick.

Daily macd positive crossover and Uptick.

Daily RSI is Uptick

Stochastic in daily is positive and Uptick

Convergence in dmi

Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
If it holds hammer's low, then it can show momentum towards top of the channel and more.
As per waves structure it's like running flat, in parallel channel as corrective phase, now we can assume that impulse is going to begin or already have started.
Wave Structure could be like this
Key Levels are Mentioned on chart
Running flat in parallel channel
Weekly macd is positive and flat after down tick.
Daily macd positive crossover and Uptick.
Daily RSI is Uptick
Stochastic in daily is positive and Uptick
Convergence in dmi
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.