GOLD. Rollback to the liquidity zone. The market is bullish
Gold on the hour timeframe. December 5
1) Gold rises within the channel, as we see
2) The 5th Elliott wave is still developing, a local correction is forming.
3) The price reaches EMA-50 and a pull-up may follow from it
4) If the price tends lower, it has a target - the high-density volume zone of 1784
5) The trend is upward (bottom two charts). The price keeps updating the highs
When to buy? I suggest targeting the 1784 zone. The price may test the support level by a false-break (no hurry. Waiting for confirmation) We have two targets - local 1803 and distant 1820.
1) Gold rises within the channel, as we see
2) The 5th Elliott wave is still developing, a local correction is forming.
3) The price reaches EMA-50 and a pull-up may follow from it
4) If the price tends lower, it has a target - the high-density volume zone of 1784
5) The trend is upward (bottom two charts). The price keeps updating the highs
When to buy? I suggest targeting the 1784 zone. The price may test the support level by a false-break (no hurry. Waiting for confirmation) We have two targets - local 1803 and distant 1820.
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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.