Get started
Gold Spot / U.S. Dollar
Short

GOLD: daily perspective

By fra978
Updated
On a daily chart i would say that we can see a "rising wedge" in wich we are come back into. Targets are below 1800: 1760 - 1640 areas.
Trade active
snapshot
Trade active
snapshot
Trade active
this could be an idea of the ranging inside the wedge before the fall: snapshot (that would be matches perfectly with the idea of the big 4th wave in the uptrend cycle count: tradingview.com/chart/XAUUSD/XOVEBbCY-GOLD-RIDING-GIANTS-updated-idea/)
Trade active
snapshot
Trade active
the entire perspective: snapshot
Note
snapshot
Trade active
snapshot
Trade active
snapshot
Trade active
snapshot
Note
snapshot
Trade active
flipped chart: snapshot
Note
a view of the symmetrical triangle in wich we are, 1945 is the middle point: snapshot
Trade active
the closing today snapshot
Trade active
snapshot
Note
We are climbing up to the bottom TL of the wedge, a leaving down might means the prosecution of the down move.
Trade active
snapshot
Note
I just would repost this idea from 2 september and confront it to the preview image: snapshot
Note
snapshot
Note
3 different scenarios to the way down to 1760 (minimoum): snapshot
FibonacciTrend AnalysisTrend Lines
fra978

Related publications

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.