Gold Bears targeting Wave IV low $2,730?!
As you can see the current market price has touched the previous Wave III, showing a CHOC (Change of Character) in market structure.
I will now be looking for bearish price action to carry on down towards the last major low Wave IV at $2,731📉
In any healthy bull or bear market, price should always take out Wave IV before it can carry on its intended trend run.
I will now be looking for bearish price action to carry on down towards the last major low Wave IV at $2,731📉
In any healthy bull or bear market, price should always take out Wave IV before it can carry on its intended trend run.
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
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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.
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
t.me/XTBCAPITAL
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.