Well-well-well! FED have Changed the sentiment of Gold?! 17/6/21

With the completion of impulsive move of leading diagonal wave (A)( cyan/light blue) ... Gold seem like moving toward corrective wave (B)(cyan/light blue) where price could reach at around 1740 where there will be 1) Major Demand Zone 2)Support of Weekly Up trend line 3) The "Big" handle of the "Big Cp" in weekly/monthly chart..

Currently Gold Price are trending downward to complete wave A (yellow). where price of gold could reach at around 1790. 1) Minor Demand Zone 2)Daily 200EMA Support Zone...

Commentaire:

xyz3dtrading.. Charts consist of 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed )