GOLD: Z Wave in Progress - WXWXZ Pattern
GOLD: Z Wave in Progress Gold is currently developing the final leg of a complex WXYXZ pattern, with the Z wave taking shape.
Gold tends to rise unpredictably—even on days without major news or strong market volume, making this a hazardous trade.
FOMC Minutes Today.
The Federal Reserve’s minutes from the May 6-7 meeting will be released today. Policymakers showed no signs of adjusting interest rates soon, and today’s report may highlight how firmly they are sticking to their current "wait-and-see" approach.
You may watch the analysis for further details!
Thank you!
GOLD: Z Wave in Progress Gold is currently developing the final leg of a complex WXYXZ pattern, with the Z wave taking shape.
Gold tends to rise unpredictably—even on days without major news or strong market volume, making this a hazardous trade.
FOMC Minutes Today.
The Federal Reserve’s minutes from the May 6-7 meeting will be released today. Policymakers showed no signs of adjusting interest rates soon, and today’s report may highlight how firmly they are sticking to their current "wait-and-see" approach.
You may watch the analysis for further details!
Thank you!
Trade active
📣Gold confirms further bearish movement
🎯 Two of our targets have already been hit! 🔥🚀🚀🚀😁
Yesterday, a trade court blocked President Donald Trump’s tariffs, ruling that he exceeded his authority by imposing broad duties on imports from U.S. trading partners.
This decision triggered a sharp sell-off in gold, driving prices down from 3225.40 to 3245.20, a decline of nearly 2.40%.
Since gold reacted strongly to the news, it’s clear that tariffs were the primary catalyst behind its recent move. If the market remains free from external manipulations, the downtrend is likely to continue over the coming days.
Gold is currently unfolding the Z wave within the WXYXZ pattern.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.