XAUUSD, H4 - GOLD PRICE MOVEMENT ANALYSIST
There was a price decline last week. The price also surpassed the Fibonacci levels plotted on the chart and closed near the last Fibonacci level. A Y wave seems likely to occur on the chart. If strong selling pressure occurs and surpasses the levels of 2333.17 and 2303.55, then (E) is the target price to be reached within the specified time. The chart also shows that it has moved below the Kumo, and is below both the Tenkan-Sen and Kijun-Sen. Is this an indication that the price will continue to decline? Analysist based on Price, Wave & Time Theory.
Note:
Analysist for study purposes.
Trade at your own risk.
Note:
Analysist for study purposes.
Trade at your own risk.
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