The golden five-wave trend will be established, be wary of reach
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https://www.tradingview.com/x/n8k6gjdI/
There is no difference between me and others, no better or worse than others. The mistakes I make will be made by others, and it is difficult for me to avoid the mistakes made by others. We all live the same life, there is no need to feel inferior or proud.
On Monday, as the one-year U.S. inflation forecast exceeded expectations, the U.S. dollar index first fell and then rose, barely holding the 105 mark during the session.
Spot gold fell by more than 1% during the day, and fell below the three major levels of 2360, 2350, and 2340, and finally stabilized at a low near 2335.
From the 4-hour chart, we can see that in the trend from 2431 to 2277, 2335 is exactly at the Fibonacci 382 position.
So there must be support here in 2335.
In addition, from the wave shape point of view, there was one wave from 2277 to 2235, three waves from 2305 to 2378, and a four-wave correction from 2378 to 2335.
The top of the previous wave was at 2335, so the current low of the 4-wave correction has not broken through the top of the first wave at 2335.
Therefore, once it stabilizes from 2335, there is a high probability that it will rise in the fifth wave, and it is very likely to break through 2378.
You can also see in the picture that the position of 618 above is here at 2378, and the 100% position is near 2405.
Therefore, at present, 2335-2340 can definitely be long. The upper target is 2378, followed by the high point of 2405.
There is no difference between me and others, no better or worse than others. The mistakes I make will be made by others, and it is difficult for me to avoid the mistakes made by others. We all live the same life, there is no need to feel inferior or proud.
On Monday, as the one-year U.S. inflation forecast exceeded expectations, the U.S. dollar index first fell and then rose, barely holding the 105 mark during the session.
Spot gold fell by more than 1% during the day, and fell below the three major levels of 2360, 2350, and 2340, and finally stabilized at a low near 2335.
From the 4-hour chart, we can see that in the trend from 2431 to 2277, 2335 is exactly at the Fibonacci 382 position.
So there must be support here in 2335.
In addition, from the wave shape point of view, there was one wave from 2277 to 2235, three waves from 2305 to 2378, and a four-wave correction from 2378 to 2335.
The top of the previous wave was at 2335, so the current low of the 4-wave correction has not broken through the top of the first wave at 2335.
Therefore, once it stabilizes from 2335, there is a high probability that it will rise in the fifth wave, and it is very likely to break through 2378.
You can also see in the picture that the position of 618 above is here at 2378, and the 100% position is near 2405.
Therefore, at present, 2335-2340 can definitely be long. The upper target is 2378, followed by the high point of 2405.
Trade attivo
An upward trend has formedTrade attivo
Gold has started to riseTrade attivo
The upward trend of gold is very stable, waiting to take profitsTrade attivo
The general direction of gold remains bullishTrade attivo
Continuing to make profitsTrade attivo
Gold broke through 2350 as expected. I think you can guess what will happen next.Trade attivo
Gold rises and makes huge profits today
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