Hello and welcome everyone this is my point of view for “Gold - XAUUSD”.
If you like it please don’t forget to show me some love ♥
If you like it please don’t forget to show me some love ♥
- Classical POV:As we can see on 4H frame we can see symmetrical triangle got broken and now retesting on it. as well as Upward channel the prices touched the upper celling and started to fall and as we can see that the place the prices reached is already a strong resistance.
- Elliott Waves :We supposedly finishing wave 4 as right now C out of 4 is being constructed now we're 3 out of C out of 4.
- Support and resistances:the prices is between strong resistance and support waiting to break down from any but more likely will go down.
- We’re waiting for confirmation but more likely it’s going to be for selling and prices will fall. But let’s wait for confirmation for the end of wave 4 and then we're for deep dive to 1710 or 1720 by breaking 1855