Prepare for Gold to move into a consolidation phase lasting 5 to 10 days before moving higher again.
The next upper target area is $2560++.
Watch this video and consider what I see as a structural Flag formation.
Gold will continue to attempt to move higher - but it will do so in structural price waves.
If you are holding any open long positions, be prepared to protect those positions as I see Gold flagging sideways (attempting to contract downward) in about 2~3 days.
The current upward price move appears to be over.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
The next upper target area is $2560++.
Watch this video and consider what I see as a structural Flag formation.
Gold will continue to attempt to move higher - but it will do so in structural price waves.
If you are holding any open long positions, be prepared to protect those positions as I see Gold flagging sideways (attempting to contract downward) in about 2~3 days.
The current upward price move appears to be over.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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-- More..
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.