This Gold idea was started from here:
Back to last Monday, the price recovered to 1827 but then it was rejected.
Price continue to fall
First 5 Elliott waves of Zig Zag were started
After that, wave (b) of Zig Zag
Next week, if price breaks below level (1782), it will confirm wave (c)
Some key levels were listed on chart, you can save them for using later.
Now, we'll to see price action on Monday then back to EU, US session to make a new move.
Back to last Monday, the price recovered to 1827 but then it was rejected.
Price continue to fall
First 5 Elliott waves of Zig Zag were started
After that, wave (b) of Zig Zag
Next week, if price breaks below level (1782), it will confirm wave (c)
Some key levels were listed on chart, you can save them for using later.
Now, we'll to see price action on Monday then back to EU, US session to make a new move.
Note
Update: I mean wave B of ZigZag (instead (b))
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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.