The uptrend of XAU/USD has made a bullish Elliott Wave. In the fifth wave, there is a diagonal, and ABC correction is remaining.
It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936.
If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936.
If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
Trade closed: target reached
Note
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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.