🪙 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.
---
📝 Trading Plan
• 📈 Bullish bias until $4900.
• 📉 Switch to bearish only after breakdown below B‑B trendline.
• 🕰️ Patience is key – avoid premature entries.
İlgili yayınlar
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.
İlgili yayınlar
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.