XAUUSD GOLD - BUY and SELL multiple ideas

11 août 2024

Elliott Wave Count: The chart outlines a potential Elliott Wave structure with the waves labeled 1, 2, 3, 4, and 5. The current price action seems to be moving within a rising channel, and it appears to be in the 4th wave corrective phase with the 5th wave expected to follow.

Opportunity for a Sell/Short: The chart suggests a potential short/sell opportunity as the price might retrace to the 0.5 Fibonacci level around the zone labeled as wave 4. This is indicated by the highlighted area in red.

Opportunity for a Buy/Long: After the potential completion of wave 4, a buy/long opportunity could emerge as the price is expected to move up towards the target zone near the top of wave 5, around the area of 2,475.959.

Support and Resistance Zones: The chart highlights key support and resistance zones. The lower grey box represents a major support zone around the 2,360 area, while the upper grey box around the 2,475 area acts as a significant resistance.

14 août 2024

Trade fermée: cible de profit atteinte

Target reached