2024-06-19 XAUUSD Bearish Case: Wave 2 Horizontal then Down
- Wave 2 smaller degree is getting extended similar to previous correction
- If price breaks previous swing lows impulsively, we can expect lower prices.
- The risk reward is quite nice from here. Invalidation and stop loss is at 2388
- Move to the downside is supported by the fundamentals: Russia-Ukraine peace talks and stronger dollar
- If price breaks previous swing lows impulsively, we can expect lower prices.
- The risk reward is quite nice from here. Invalidation and stop loss is at 2388
- Move to the downside is supported by the fundamentals: Russia-Ukraine peace talks and stronger dollar
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.