Get started
Gold Spot / U.S. Dollar
Long

GOLD: Potential bullish consolidation

By TheAnonymousBanker
Updated
From a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below the trendline.

Trade with care
Like | Share | Comment
Note
🔴 Trade not active, invalidation level yet to be confirmed.
Note
🔴 Below 1970 we will no longer follow the formation of this potential Pattern:
snapshot
CommoditieselliottwaveprojectionelliotwaveanalysisForexgoldlonggoldtradingstrategyHarmonic PatternsTrend AnalysistrendpatternWave AnalysisXAUUSDxauusdanalysis
TheAnonymousBanker
Also on:

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.