CFDs on Gold (US$ / OZ)Updated GOLD Structure
Potential structure continuation for XAU.
We have nice bounce around $1210 which is a double 50%, in turn of a potential top at $1250 area making $1210 at triple 50%. If this structure continues then we will likely see 1160 in the near future forming an AB = CD pattern.
We have nice bounce around $1210 which is a double 50%, in turn of a potential top at $1250 area making $1210 at triple 50%. If this structure continues then we will likely see 1160 in the near future forming an AB = CD pattern.
Trade active
Note
Note
Nice move here on GOLD. Incase of retracement, here is a potential long setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.