Gold waits for signs of falling after Elliott wave
Gold prices struggled to capitalize on its modest intraday gains and attracted some selling near the $1980 region during the early European session on Wednesday.
Today, I still expect Gold to break out of the 1978$ price zone and move further to the 1985 and 1995 short term targets.
If everything goes as expected, Gold has almost completed wave 4 Elliott and wave 5 falling to the 1940 price zone is about to form.
I am waiting for Gold to return to retest the price zone around 1965$. And a Breakout buy order is waiting for an entry signal.
Short term selling can be established above 1985$ and 1995$.
Traders, what's your opinion?
Today, I still expect Gold to break out of the 1978$ price zone and move further to the 1985 and 1995 short term targets.
If everything goes as expected, Gold has almost completed wave 4 Elliott and wave 5 falling to the 1940 price zone is about to form.
I am waiting for Gold to return to retest the price zone around 1965$. And a Breakout buy order is waiting for an entry signal.
Short term selling can be established above 1985$ and 1995$.
Traders, what's your opinion?
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.