XAU has an extremely bearish outlook as for macro analysis. Should the next test at $1900 fail, bearish traders will have a clear route to test the $1600 region. Another test of the $1900-$200 region should come shortly after.
With a second failure, we can confirm the running flat formation for primary Wave 4.
The down move could take up to 3 years.
#PatiencePays
With a second failure, we can confirm the running flat formation for primary Wave 4.
The down move could take up to 3 years.
#PatiencePays
Note
GOLD looks to test the $1600 range late in the second half of 2021.
Decode the wave, anticipate the move. elliottwavescience.com
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.
Decode the wave, anticipate the move. elliottwavescience.com
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.