With the escalation of global political dangers and conflicts around the world, gold has once again become a central point of focus. This is particularly notable since it hit a new all-time high of $2,150 last December. Since then, however, the price has shown significant sideways movement.
Our forecast is based on the assumption that we are dealing with a zigzag correction. This correction is expected to stabilize for a Wave 4, which should not fall to the level of Wave 1, as that would invalidate our analysis. The Wave C of our internal ABC correction from 3 to 4 should be between 127.2 and 161.8%, thus at most up to the invalidation level. If this is breached, we would need to consider a bullish scenario, rendering the bearish scenario invalid.
<:lupe:1194934802281934858> We anticipate a retracement for the overarching Wave 2 between 50 and 61.8%. However, we also don't believe that it will fall below the $1,930 level. The exact point of stabilization remains to be seen, but we should expect another dip before a potential upward movement. ✅
Our forecast is based on the assumption that we are dealing with a zigzag correction. This correction is expected to stabilize for a Wave 4, which should not fall to the level of Wave 1, as that would invalidate our analysis. The Wave C of our internal ABC correction from 3 to 4 should be between 127.2 and 161.8%, thus at most up to the invalidation level. If this is breached, we would need to consider a bullish scenario, rendering the bearish scenario invalid.
<:lupe:1194934802281934858> We anticipate a retracement for the overarching Wave 2 between 50 and 61.8%. However, we also don't believe that it will fall below the $1,930 level. The exact point of stabilization remains to be seen, but we should expect another dip before a potential upward movement. ✅
Заметка
Please cancel this limit, we missed it by 4$...
We will still observe it and capitalize when a new opportunity shows itself ✅
Заявка отменена
We have another analysis and and setup here for Gold, just posted today. 
🏆 Telegram - t.me/stromm_trading
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
🏆 Telegram - t.me/stromm_trading
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.