Here I see 2 possibilities:
a) Gold rises above the last high and in October reaches 1586.44, which I would see as the year high
b) rises to 1549.32 (1554.68) to form the wave b, but then falls to 1404.45 where the c would be finished.
In variant b, both: SMA 50 & Kijun should be achieved and then bounce upwards.
Wave c would confirm closing price (on a weekly basis) below 1488.58!
Next week, the price should not close below 1494.05 (daily basis).
a) Gold rises above the last high and in October reaches 1586.44, which I would see as the year high
b) rises to 1549.32 (1554.68) to form the wave b, but then falls to 1404.45 where the c would be finished.
In variant b, both: SMA 50 & Kijun should be achieved and then bounce upwards.
Wave c would confirm closing price (on a weekly basis) below 1488.58!
Next week, the price should not close below 1494.05 (daily basis).
Nota
if the red resistance is not overcome, then variant with the yellow a b c would be possible.Nota
On a daily basis, I still reckon with a little bit deeper deep than it was on Friday... at least 1486.39 should be reached.Condition for higher prices: 1480 $ should not be broken and left down, especially there should be no daily closing rate below.
Nota
Nota
or so...Nota
1497 TPNota
TP @1497 done!Nota
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.
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.