XAUUSD Recent wave
Updated
This is similar to most of my other posts. We have breached B, meaning the targets listed are in play. We are approaching NT, our first projected resistance level.
It should also be noted we are near a recent ichi number. Refer to my long term post linked to see the other ones.
It should also be noted we are near a recent ichi number. Refer to my long term post linked to see the other ones.
Note
Gold surged to our N target, felt its resistance then fell back to touch NT, which is now acting as support. We await to see how it develops, price action suggests a continuation upwards.Note
Gold has now touched our V target and the price is showing signs of sustained bullish dominance to come. I expect our E target to be hit as well, but we need to see how things develop. For now, gold seems content pushing for the upside.Trade closed: target reached
Gold fell below our B value, warranting another wave to be traced and new short term targets. A new post will be made soon with details.For now, both of our high probability targets were hit, and this specific move has ended.
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