XAUUSD - The corrective pullback to $3,000 indicates wave ((v)) is now underway. Minimum expectations require a breach of the previous high and an ideal advance towards/near the 3100 handle.Trade active
XAUUSD - Price struggled to hold above 3020 which opens the path for either a triangle wave ((iv)) or a larger double zigzag. The latter allows for a dip below the 3k handle.Note
XAUUSD - The wave ((iv)) triangle ended at 3012.125. Against this swing low, focus is higher in wave ((v)) which should see Gold towards at least towards 3076 and ideally at 3100 mark.Trade closed: target reached
Note
XAUUSD - With the 3100 claimed, Gold has now reached upside targets for circe wave ((3)).
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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.