Wave Analysis: Gold Targeting 2950-2970 After Correction?
Hello Everyone!
🚀 Gold (XAU/USD) Wave Analysis – Potential Growth to 2960-2970
On the H4 gold chart, the price is likely in subwave (iv) of wave 3. Once the current correction is complete, we can expect the formation of subwave (v), which will finalize wave 3.
🔹 Key Levels:
• Wave 3 has nearly reached the 1:2 ratio with wave 1 (2952.50), but this level was not tested in the previous session.
• Statistically, wave 3 usually reaches or slightly exceeds this level.
• Potential target for wave 3 completion: 2960-2980.
🔹 Invalidation Scenario:
• A break and consolidation below the trendline may invalidate this outlook.
#gold #XAUUSD #trading #waveanalysis #marketanalysis
🚀 Gold (XAU/USD) Wave Analysis – Potential Growth to 2960-2970
On the H4 gold chart, the price is likely in subwave (iv) of wave 3. Once the current correction is complete, we can expect the formation of subwave (v), which will finalize wave 3.
🔹 Key Levels:
• Wave 3 has nearly reached the 1:2 ratio with wave 1 (2952.50), but this level was not tested in the previous session.
• Statistically, wave 3 usually reaches or slightly exceeds this level.
• Potential target for wave 3 completion: 2960-2980.
🔹 Invalidation Scenario:
• A break and consolidation below the trendline may invalidate this outlook.
#gold #XAUUSD #trading #waveanalysis #marketanalysis
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Pernyataan Penyangkalan
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.