There are two scenarios:
The first scenario: The Wave IV is in the form of a Triangle pattern, in which by crossing the price from the area of USD 1991, we can consider the of Wave IV is over, then we should wait for the uptrend and movement to the target of USD 2100.
Second scenario:
The Triangle pattern is in B wave from point IV, if the price crosses the USD 1906 range, we should expect a downtrend movement to the range of USD 1750.
About the triangle pattern, usually when the price crosses the trend line which connects the sides of the triangle, the triangle may become reversed.
In gold analysis, given that the e-wave has crossed the trend line which drawn to connect a and c. The scenario is that this pattern may be in the wave b from IV.
Important Note:
In order to use analysis, take this important note to your consideration: The provided explanations and analyzes are based on technical analysis, but it might not be fully reflective of market movement and might involve consideration of various aspects and risks.
The first scenario: The Wave IV is in the form of a Triangle pattern, in which by crossing the price from the area of USD 1991, we can consider the of Wave IV is over, then we should wait for the uptrend and movement to the target of USD 2100.
Second scenario:
The Triangle pattern is in B wave from point IV, if the price crosses the USD 1906 range, we should expect a downtrend movement to the range of USD 1750.
About the triangle pattern, usually when the price crosses the trend line which connects the sides of the triangle, the triangle may become reversed.
In gold analysis, given that the e-wave has crossed the trend line which drawn to connect a and c. The scenario is that this pattern may be in the wave b from IV.
Important Note:
In order to use analysis, take this important note to your consideration: The provided explanations and analyzes are based on technical analysis, but it might not be fully reflective of market movement and might involve consideration of various aspects and risks.