From an Elliott Wave standpoint, gold appears to be in the final stages of an ending diagonal, suggesting that one last upward push may be imminent before an expected ABC correction sets in. The area below current levels presents an attractive zone for potential long entries, particularly if the price pulls back into the OTE region. It remains to be seen whether gold will break to a new ATH from here or offer a deeper retracement first. Always follow risk management!
What are your thoughts on this setup?
What are your thoughts on this setup?
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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.