XAUUSD-Triple bottom pattern formed
Updated
At the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week.
If we label the short-term waves from the 1916 to 1928 area this morning, we will see that 5 short-term waves have completed, so the probability this evening may continue to confirm another selling phase back into the market. sidedway border.
If you trade, please note that you should only trade around the upper and lower borders and reduce the trading volume.
It is expected that if selling pressure occurs, GOLD will fall back around the 1922 - 1923 area.
If we label the short-term waves from the 1916 to 1928 area this morning, we will see that 5 short-term waves have completed, so the probability this evening may continue to confirm another selling phase back into the market. sidedway border.
If you trade, please note that you should only trade around the upper and lower borders and reduce the trading volume.
It is expected that if selling pressure occurs, GOLD will fall back around the 1922 - 1923 area.
Trade closed: target reached
The signal on my VIP channel just won 50 pips. Cheers to those who have followed me. What a wonderful start to a new weekNote
Gold has increased again into the 1929 price range. Right at the strong resistance zone in the morning. Do you want to know what the next trading signal is? It will be great if you are a VIP member.Note
Gold has gone right according to my analysis. Currently touching the trendline at the price range of 1922. You can find yourself a Buy signal at the price range of 1920, expecting gold to increase again in this morning's trading session.Note
Are you ready for the gold buy signal? Setup to buy gold 1919-1921. SL 1914Note
Gold prices were mildly mixed on Tuesday as the dollar halted recent declines ahead of key US inflation data later this week, while copper prices held on to recent gains on hopes of the worst over for the Chinese economy.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.