gold right now has more chance to grow and hit next important levels
to complete it's 5 impulsive wave. as you can see 4 wave of this impulsive
trend already done and we are into the last wave right now.
if the price close above 2051$, I believe it can gain next target around 2110$
at this scenario wave 5 is extended.
so right now our support level would be around 2008$. this level may test
before keep moving upward.
Enjoy the market
to complete it's 5 impulsive wave. as you can see 4 wave of this impulsive
trend already done and we are into the last wave right now.
if the price close above 2051$, I believe it can gain next target around 2110$
at this scenario wave 5 is extended.
so right now our support level would be around 2008$. this level may test
before keep moving upward.
Enjoy the market
Note
1H chart set up:Trade active
my 2008$ target level hit, testing 2002$ also possible before new rally. lets see
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Related publications
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.