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Should we expect a C corrective wave on XAU/USD Futures?
Gold Futures
Should we expect a C corrective wave on XAU/USD Futures?
By ThinkingAntsOk
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Sep 28, 2020
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Sep 28, 2020
Main items we can see on the chart:
a)
The price has reached the all-time highs zone and started a corrective movement
b)
Now, we will focus on the possible paths inside the correction
c)
The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines)
d)
Based on those items, we expect a bearish movement towards the next relevant level ( Support / Resistance zone) 1800/1780
Tell us your view on the comments!
futures
GC
Gold
Multiple Time Frame Analysis
Support and Resistance
Trend Analysis
XAUUSD
ThinkingAntsOk
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