Gold Price Analysis| Bullish
Updated
Hi there,
The gold price is anticipated to drop for a pullback and rise to three potential levels, targeting a bias of 2745.736, in accordance with the W-Z pattern of ABC-D.
The (DX) is where most bullish pressure was active, which was almost at the retest of the dotted trendline break. If the bears break the dotted trendline, the setup will be invalidated.
Overall, gold is unstable, lacking clear volatility. A possible indication of clarity may come next month.
Happy Trading!
K.
The gold price is anticipated to drop for a pullback and rise to three potential levels, targeting a bias of 2745.736, in accordance with the W-Z pattern of ABC-D.
The (DX) is where most bullish pressure was active, which was almost at the retest of the dotted trendline break. If the bears break the dotted trendline, the setup will be invalidated.
Overall, gold is unstable, lacking clear volatility. A possible indication of clarity may come next month.
Happy Trading!
K.
Trade closed manually
That is fine
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.