GOLD LONG WITH MULTIPLE CONFIRMATIONS; ELLIOT WAVE, ABC, CHANNEL
GOLD has caught my eye in this channel.
Multiple Confluence here.
If price holds and pushes back up we'll have a valid 4th Eillot Wave
Also ABCD pattern the C leg will be valid.
Aso here there are Higher High and Higher Low forming at the 61.8 leg while being above the 200MA.
Therefore, I see it going up to first target at 1362 and then 1376.
However, if gold breaks, I see this going to 1325.
JOIN for more
t.me/pipkingsfx
Multiple Confluence here.
If price holds and pushes back up we'll have a valid 4th Eillot Wave
Also ABCD pattern the C leg will be valid.
Aso here there are Higher High and Higher Low forming at the 61.8 leg while being above the 200MA.
Therefore, I see it going up to first target at 1362 and then 1376.
However, if gold breaks, I see this going to 1325.
JOIN for more
t.me/pipkingsfx
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.