Though it is unclear if W.4 in Gold is complete or has one more leg down remaining, from a swing perspective the market is suggesting one more up leg with upcoming resistance around 2513.
If we see continuation of W.4 then the next support level is at 2847 and sustenance below the same would suggest extreme weakness and the possibility that this market maybe doing something else.
If we see continuation of W.4 then the next support level is at 2847 and sustenance below the same would suggest extreme weakness and the possibility that this market maybe doing something else.
Nota
1H : Reversing precisely from the marked level of 2487 : Nota
1H : Booked partial profits on longs, trailed remaining : 
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Author : Think with the Markets
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.