After a strong bullish rally, gold has entered a large price-time corrective phase from the point marked with the red arrow on the chart.
Currently, this correction appears to be forming a diametric pattern on the chart. It seems that we are now in wave E of this structure, meaning the bearish move could continue toward lower levels.
The wave E targets are marked on the chart.
If a pullback occurs to the red zone, positions can be entered using DCA or after receiving confirmation.
A daily candle close above the invalidation level will invalidate this analysis.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think XAUUSD is bearish?
Currently, this correction appears to be forming a diametric pattern on the chart. It seems that we are now in wave E of this structure, meaning the bearish move could continue toward lower levels.
The wave E targets are marked on the chart.
If a pullback occurs to the red zone, positions can be entered using DCA or after receiving confirmation.
A daily candle close above the invalidation level will invalidate this analysis.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think XAUUSD is bearish?
İşlem aktif
Gold price dropped more than 5% after hitting the supply zone, and the first target has been reached.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.