XAUUSD: Five Wave Decline in Progress - Target $2535
The internal structure shows smaller degree waves labeled as (i), (ii), (iii), (iv), and (v), particularly visible in waves (3) and (5). The parallel channel lines helped identify the trend direction and potential support/resistance levels. The projected target for wave (5) completion appears to be around the 2,535-2,550 zone, where we might expect some support and potentially a larger degree bounce. Key levels to watch:
Previous high: 2,721 Current invalidation level: ~2,649 Target support zone: 2,535-2,550
Traders should be cautious as wave (5) completions often lead to sharp reversals, especially in gold markets. The completion of this 5-wave structure could lead to a significant corrective bounce.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.