Gold bearish trend continuation
Gold is in a corrective elliottwave pattern:
Where A leg was a zigzag; followed by a BC (flat wedge formation)
1298-1300 would be an interesting area to watch; to see if there is reversal which will confirm the bullish gartley which might take the price back to 1310 support level; which could then be deemed as "E"!.
If not then we are surely going down...
Where A leg was a zigzag; followed by a BC (flat wedge formation)
1298-1300 would be an interesting area to watch; to see if there is reversal which will confirm the bullish gartley which might take the price back to 1310 support level; which could then be deemed as "E"!.
If not then we are surely going down...
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.
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.