Idea for Gold @ 5th May. 2024
Updated
After analyzing the recent price behavior of gold, it appears that it may have completed wave 3 of a diagonal pattern in a zigzag form.
This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B.
The analysis shows that this pattern indicates pressure on prices that could lead to a decline to the level of Wave C, as shown in the chart.
Therefore, it can be considered that sellers might be in control of the market in the medium term.
This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B.
The analysis shows that this pattern indicates pressure on prices that could lead to a decline to the level of Wave C, as shown in the chart.
Therefore, it can be considered that sellers might be in control of the market in the medium term.
Note
Again, the target 1 is hit!Note
Next Target is going to coming. we expect to runing into the E-POI zone.around 700 pips running, congras.
Note
We predict the price make the wave B reverse and running 250 pipsNext potential will be around 2330 level, then has a pullback to formed the wave C of sub-wave 2.
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t.me/BlueGeek_Forex_PriceTator
🟢Funding Investment Management:
t.me/blue_captials
🔴Contact:
t.me/RayShen
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