XAU/USD: WAVE ANALYSIS

avatar
· Views 47
XAU/USD: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point1912.08
Take Profit2075.38, 2130.00
Stop Loss1889.35
Key Levels1805.35, 1869.00, 1889.35, 2075.38, 2130.00
Alternative scenario
RecommendationSELL STOP
Entry Point1889.30
Take Profit1869.00, 1805.35
Stop Loss1896.05
Key Levels1805.35, 1869.00, 1889.35, 2075.38, 2130.00

Growth is possible.

On the daily chart, a downward correction formed as the fourth wave of the higher level (4), and the fifth wave (5) develops, within which the third wave of the lower level 3 of (5) formed. Now, a correction has ended as the fourth wave 4 of (5), and the fifth wave 5 of (5) is developing. If the assumption is correct, the XAU/USD pair will grow to the area of 2075.38–2130.00. In this scenario, critical stop loss level is 1889.35.

XAU/USD: WAVE ANALYSIS

XAU/USD: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 1889.35 with the targets at 2075.38–2130.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 1889.35 will let the asset go down to the area of 1869.00–1805.35.

إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.

هل أعجبك هذا المقال؟ عبّر عن امتنانك بإرسال نصيحة للكاتب.
الرد 0

اترك رسالتك الآن

  • tradingContest