XAUUSD
Gold prices are experiencing a downward trend as they enter the 5th Elliott wave in a bearish movement. The recent touch of the resistance level within a Rectangular Consolidation pattern has signaled this decline. Following the completion of the 4th Elliott wave, the market's bearish momentum is expected to continue.
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.