Looking at the weekly chart i see a potential elliot wave formation, potentially point 4 has occurred with the pull back to the 0.382 fibo level. If you have any advice or comments would love to hear them on how i can make better analysis.
With the situation in the middle east lessening in terms of news headlines we have seen gold take a turn and enter a bearish trend on the hourly. I am expecting it to retest the FVG or resistance above before we see 2260
In light of the inherent instability accompanying geopolitical conflict, gold has historically served as a favoured haven for investors seeking a refuge of stability. Notably, gold has witnessed a marked upsurge in value since the preceding week, with indications suggesting a continued ascent. Turning our focus to the first-half analysis, we can delineate two...