XAUUSD The bullish trend isn't over yet.
Gold / XAUUSD is currently on the bullish wave of a long term Channel Up holding since October 6th 2023.
The overbought 1day RSI draws comparisons with September 26th 2024 and October 27th 2023, which made a short term pull back but continues the bullish wave to a new high nonetheless.
So far the 3 main bullish waves were +18.68%, 22.50% and 22.00%.
Based on that, the bad case scenario for the next High is 3000.
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The overbought 1day RSI draws comparisons with September 26th 2024 and October 27th 2023, which made a short term pull back but continues the bullish wave to a new high nonetheless.
So far the 3 main bullish waves were +18.68%, 22.50% and 22.00%.
Based on that, the bad case scenario for the next High is 3000.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.