Traders,
XAUUSD has surprised us since 13th Dec after finishing a five-wave trend down to round 1237(fibo 1.27 ).
It rise $50 since then.
Here you can see two red channel sharing the same support line, use this support line to find out two possible reflection point on
each channel.
Meaning 1288 is one possible price for gold to correct, the other one is 1301.
1301 could be touched after a correction from 1288.
All analysis need trading signal to confirm and always 50% to win.
This chart is not a signal to trade here.
Less is more!
Happy New Year!
XAUUSD has surprised us since 13th Dec after finishing a five-wave trend down to round 1237(fibo 1.27 ).
It rise $50 since then.
Here you can see two red channel sharing the same support line, use this support line to find out two possible reflection point on
each channel.
Meaning 1288 is one possible price for gold to correct, the other one is 1301.
1301 could be touched after a correction from 1288.
All analysis need trading signal to confirm and always 50% to win.
This chart is not a signal to trade here.
Less is more!
Happy New Year!
Note
Gold is getting close to the higher reflection point.Note
gold hit the other red channel .
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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.
10 year 4H swing trader! Join group for free； Contact wechat: ziyuvera; ABC Swing trading strategy Course Consul wechat: ziyuvera
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.