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Gold Expanding Wedge
Emas / Dollar A.S.
Penjualan
Gold Expanding Wedge
Oleh Umlingo
Ikuti
Ikuti
26 Jul 2024
1
26 Jul 2024
Gold is on the 5th Leg of this expanding wedge which commenced from April 12th 2024.
Price has tested the 50 MAV and is holding presently above 2365 , which is also the
618 Fibonacci retracement of the prior leg.
Momentum is to the downside printing 47 currently. There is room to move further down ,
maybe in 5 waves.
The target would be the confluence of the 100 MAV and supporting trendline near
the 2300 level.
Chart Patterns
Technical Indicators
Wave Analysis
Umlingo
Ikuti
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