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XAU/USD towards $1,830?
Very interesting formation on Gold!
The price broke the falling wedge inside the descending channel to the upside with 4 waves up. Currently, we are waiting for small wave 5 to reach the beginning of the falling wedge at $1,778. After reaching $1,778, which is considered a strong level as it is the beginning of the falling wedge, I expect to see some pullback for wave 2 for about 50% to 61.8% before continuing its way up for more upside towards $1,804 as our first target.
If the price manages to break $1,804, we may see a continuation to the overall uptrend to retest $1,831 which is the beginning of the descending channel
The price broke the falling wedge inside the descending channel to the upside with 4 waves up. Currently, we are waiting for small wave 5 to reach the beginning of the falling wedge at $1,778. After reaching $1,778, which is considered a strong level as it is the beginning of the falling wedge, I expect to see some pullback for wave 2 for about 50% to 61.8% before continuing its way up for more upside towards $1,804 as our first target.
If the price manages to break $1,804, we may see a continuation to the overall uptrend to retest $1,831 which is the beginning of the descending channel
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.