XAU/USD A Falling Trend
It is probably the 4th wave of an impulse. There is an Important past supports and resistances level and it is also placed at the 38.2% Fib retracement and the 4th wave of lower degree. possibility for the price to reach to this level is high. after that price will rise to complete the impulse by making the 5th wave.
Trade closed: target reached
Price reach to the support line as we expected. now there is a good chance for price to move upward.Trade closed: target reached
Now Price reached to the 1257.548 level on the way up as we expected.
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.
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.