Gold prices appear to be forming an Elliott Wave diagonal pattern.
This pattern is confirmed on a break down below the support trend line near $1820.
If this is a leading diagonal, then a correction to $1710 is considered the next "normal" move.
If this is an ending diagonal, then a correction to below $1620 would be expected.
This pattern is valid so long as yesterday's high holds and the support trend line breaks.
This pattern is confirmed on a break down below the support trend line near $1820.
If this is a leading diagonal, then a correction to $1710 is considered the next "normal" move.
If this is an ending diagonal, then a correction to below $1620 would be expected.
This pattern is valid so long as yesterday's high holds and the support trend line breaks.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.