RE-ANALYSIS ON GOLD - 1H CHART
Hey Guys,
I already posted a chart on XAUUSD recently.
Here's just an update of the same analysis and my view on 1H chart.
Gold did not brake the main structure to go downtrend, it broke the buy set up with a charp impulse.
No we are having a corrective structure that will probably develop into another similar impulse to reach upper trendline.
My forecast is the following. Somewhere between the 38.2 and 78.6 will be the point where the new impulse will take place.
Will see how the corrective structure develops but I am sure about these forecast.
Carlos
I already posted a chart on XAUUSD recently.
Here's just an update of the same analysis and my view on 1H chart.
Gold did not brake the main structure to go downtrend, it broke the buy set up with a charp impulse.
No we are having a corrective structure that will probably develop into another similar impulse to reach upper trendline.
My forecast is the following. Somewhere between the 38.2 and 78.6 will be the point where the new impulse will take place.
Will see how the corrective structure develops but I am sure about these forecast.
Carlos
Note
Okay it looks like a nice BUY set up now, trade the flag uptrend!Trade fermée: cible de profit atteinte
Perfect long trade. Now planning the sell after we touch trendline
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.