XAUUSD Gold
H4 - The trend line has been broken locally and a 3-wave structure has been formed. Which could lead to a price decrease to the level of 1953 - 1940.
What can you expect?
Breaking through the level of 1973. You can try to enter from these values at the level of 1973; it is better to consider exiting the position when breaking through/fixing the level of the 1st or 2nd wave on H4 in order to prevent large drawdowns.
Short
Targets 1969.35 - 1961.01 - 1953.26 - 1940.95
H4 - The trend line has been broken locally and a 3-wave structure has been formed. Which could lead to a price decrease to the level of 1953 - 1940.
What can you expect?
Breaking through the level of 1973. You can try to enter from these values at the level of 1973; it is better to consider exiting the position when breaking through/fixing the level of the 1st or 2nd wave on H4 in order to prevent large drawdowns.
Short
Targets 1969.35 - 1961.01 - 1953.26 - 1940.95
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.
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.