GOLD SHORT TIME SELL NOW.........
N.B-Gold create Bearish butterfly pattern.So,Now it seems
to sell correction.Then Strong buy pressure.
Dear Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Xausdsignal
Gold - Double Zigzag pattern
In the daily chart, Wave III has been completed in the range of $ 2075, and its corrective wave is in the form of a Double zigzag pattern, in which the downtrend can be extended up to the range of $ 1650.
(Daily Chart )
In the 240-minute chart, the diagonal pattern has formed, which by wave counting the details, this pattern is at the end of wave iii from point C, which is finished around $ 1676. Currently the price is in wave iv, in which the uptrend can be extended up to the range of $ 1750 (in the form of 3 waves)
If the price drags above the downtrend line and stabilized with 5 uptrend waves, the IV wave will probably end in the range of $ 1676.
By monitoring the details of gold charts in the daily and 240 minutes time frames, we can conclude a downtrend can be extended up to the range of $ 1650.
Gold correction Hello everybody and welcome to my analysis 👋🏻
Gold broke the resistance zone 1815-1820 and now is going to the sky.
On my previous analysis I sold it and.
Now I keep my short position because it needs a correction.
I think 🤔 Gold will go back to 1820 zone where we will have another opportunity to buy it.
Normally, this is only my opinion.
Make your own analysis before investing and always use SL and tp.