Gold has printed a substantial widening wedge shown on the chart that can be bullish with an acceptable probability. Mixed with Elliott's it has to make another leg down to $1551 to complete the pattern before starting off to create a new ATH at around $2925.
DYOR
- *This analysis will be invalidated in case the price breaks up above $2070
DYOR
Analyses are NOT financial advice; DYOR
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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.
Analyses are NOT financial advice; DYOR
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.