XAUUSD - UniverseMetta - Analysis
#XAUUSD - UniverseMetta - Analysis
The price worked out 5 waves on H4 of the corrective movement, forming a descending channel. On H4, a 3-wave structure from the lower border can be formed. In this case, it is better to consider the targets to the upper border or the maximum level of Fibo correction from the impulse wave. Also, on H1, you can see a triangle, which can implement a reversal within the channel, as well as a continuation of the fall when one of the triangle's bases is broken. Short-term signal.
Target Buy: 2644.858 - 2683.071
Target Sell: 2573.655 - 2545.889
The price worked out 5 waves on H4 of the corrective movement, forming a descending channel. On H4, a 3-wave structure from the lower border can be formed. In this case, it is better to consider the targets to the upper border or the maximum level of Fibo correction from the impulse wave. Also, on H1, you can see a triangle, which can implement a reversal within the channel, as well as a continuation of the fall when one of the triangle's bases is broken. Short-term signal.
Target Buy: 2644.858 - 2683.071
Target Sell: 2573.655 - 2545.889
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