Gold can show not big upward correction to $1770 or higher soon!
Hello my friends, today I want to talk with you about Gold.
As I wrote in my previous idea, Gold will fall because of 5 waves ended and 5th wave was rising wedge, reached 1st target already, congratulate your profits 🎉
As you can see my previous gold idea great worked and price decline because of wedge pattern.
Now I think gold can do at least not big correction up after possible accumulation in area 1760-1745 $.
Because I think price can't break support line (target from previous idea) level 1755$ from first time.
I think price can create some accumulation around this level and possible upward correction.
We have 2 targets, first target is level 1770$ and second target is level 1785$
Then I think gold price can continue decline, I will update idea for you later.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
As I wrote in my previous idea, Gold will fall because of 5 waves ended and 5th wave was rising wedge, reached 1st target already, congratulate your profits 🎉
As you can see my previous gold idea great worked and price decline because of wedge pattern.
Now I think gold can do at least not big correction up after possible accumulation in area 1760-1745 $.
Because I think price can't break support line (target from previous idea) level 1755$ from first time.
I think price can create some accumulation around this level and possible upward correction.
We have 2 targets, first target is level 1770$ and second target is level 1785$
Then I think gold price can continue decline, I will update idea for you later.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
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.