Gold (Wave IV + H&S +Triangle Down)
For short term, Gold is exacting a elliott wave downstairs and now is its IV of rebound to chance the target as no higher than $1910.
Inside of this wave there is a H&S which also point upon above target. But it is still ok to low suction by neck price $1900 or $1896 once it broke.
In another aspect, the whole pattern is a Triangle in Downstairs Trend, this means it will break the bottom highly possibility. Target: $1886( firstly)
For further target, of course i am looking forward to $1840(4H) and $1720 or below
Inside of this wave there is a H&S which also point upon above target. But it is still ok to low suction by neck price $1900 or $1896 once it broke.
In another aspect, the whole pattern is a Triangle in Downstairs Trend, this means it will break the bottom highly possibility. Target: $1886( firstly)
For further target, of course i am looking forward to $1840(4H) and $1720 or below
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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.