Should we expect a C corrective wave on XAU/USD Futures?
Main items we can see on the chart:
a) The price has reached the all-time highs zone and started a corrective movement
b) Now, we will focus on the possible paths inside the correction
c) The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines)
d) Based on those items, we expect a bearish movement towards the next relevant level ( Support / Resistance zone) 1800/1780
Tell us your view on the comments!
a) The price has reached the all-time highs zone and started a corrective movement
b) Now, we will focus on the possible paths inside the correction
c) The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines)
d) Based on those items, we expect a bearish movement towards the next relevant level ( Support / Resistance zone) 1800/1780
Tell us your view on the comments!
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