Gold (XAU/USD) 3HR - Elliott Wave Correction in Progress
In this 3-hour chart,
we see a well-defined Elliott Wave structure playing out:
W-X-Y corrective wave in progress.
Price is likely heading towards the Y-wave completion zone around 2,428.441, as highlighted in blue.
After this correction, I'm expecting a bullish reversal, targeting the 2,500 level.
A solid setup is forming as we approach the end of this correction. Keep an eye on the Y-wave zone for potential long opportunities.
What are your thoughts? Drop your comments below!
we see a well-defined Elliott Wave structure playing out:
W-X-Y corrective wave in progress.
Price is likely heading towards the Y-wave completion zone around 2,428.441, as highlighted in blue.
After this correction, I'm expecting a bullish reversal, targeting the 2,500 level.
A solid setup is forming as we approach the end of this correction. Keep an eye on the Y-wave zone for potential long opportunities.
What are your thoughts? Drop your comments below!
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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.