Gold levels - weekly with Elliott waves

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Sharing important support and resistance Fib levels to watch for

High levels
1 $ 2079.60
2 $ 2280.93

Low levels
1 $ 1813.88
2 $ 1731.80
3 $ 1649.71
4 $ 1532.86 (apr 2024)

You can take these levels and place a Fib retracement tool between them to get more granular on say a daily or 4hr chart.

I'm labeling Elliott waves with the expectation/prediction that we will have a ending ABCDE as the 4th wave and 5th wave to $2280

As of now, wave C of (4) has retraced 50% , which is a characteristic of a wave 4, but it hasn't travelled sideways enough in my opinion, thats why I'm going for an A-B-C-D-E as the 4th wave - to eat up more time.

As of now, Mar 15, 2023 we are having banking issues, war, all kinds of stuff. I know all the gold bugs want gold to $3000 tomorrow, but I think it'll not happen as fast as many are saying.

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.