As I said before, we expect a correction on the bigger TF for Gold, before bulls come back into the market. We've seen a 5 wave bullish completion on Gold, with markets being overbought at the same time. We've also seen a CHOC + BOS, indicating markets now ready to sell off in the short term.
Target 1: 1920-1877📉
Target 2: 1764-1740📉
Target 1 is our main target, before we DCA buy positions. Target 2 is a very deep retracement (bear trap) which we've only highlighted as a possibility, but not too fussed about.
Target 1: 1920-1877📉
Target 2: 1764-1740📉
Target 1 is our main target, before we DCA buy positions. Target 2 is a very deep retracement (bear trap) which we've only highlighted as a possibility, but not too fussed about.
Trade active
Gold still moving very choppy & price action is consolidating, prior to the Interest Rate decision next week. We still got both these options available on how Gold will move before & after the rate decision is announced.
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goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
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.
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
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.