Elliott Wave Insight: Anticipating a Bullish Reversal in XAU/USD
Gold Spot (XAU/USD) Analysis - 1 Hour Chart
In this 1-hour chart of Gold Spot (XAU/USD), we observe a potential Elliott Wave pattern unfolding.
The market is currently in a corrective phase with a W-X-Y formation.
After completing wave W at 2349.88, we are expecting a corrective wave X to complete soon, followed by a downward move for wave Y.
The anticipated support level around 2349.88 should be closely watched for potential reversal opportunities.
If the price action respects this support, we might see a significant upward move thereafter.
Key levels to watch:Support: 2349.88Resistance: 2400.00
In this 1-hour chart of Gold Spot (XAU/USD), we observe a potential Elliott Wave pattern unfolding.
The market is currently in a corrective phase with a W-X-Y formation.
After completing wave W at 2349.88, we are expecting a corrective wave X to complete soon, followed by a downward move for wave Y.
The anticipated support level around 2349.88 should be closely watched for potential reversal opportunities.
If the price action respects this support, we might see a significant upward move thereafter.
Key levels to watch:Support: 2349.88Resistance: 2400.00
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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.