Oro / Dollaro
Long

Gold (XAU/USD) 3HR - Elliott Wave Correction in Progress

50
In this 3-hour chart, we see a well-defined Elliott Wave structure playing out:

W-X-Y corrective wave in progress.
Price is likely heading towards the Y-wave completion zone around 2,428.441, as highlighted in blue.
After this correction, I'm expecting a bullish reversal, targeting the 2,500 level.

A solid setup is forming as we approach the end of this correction. Keep an eye on the Y-wave zone for potential long opportunities.

What are your thoughts? Drop your comments below!

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.