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meszaros
Mar 17, 2020 10:24 PM

XAUUSD further decline. Short

GoldOANDA

Description

XAUUSD further decline. My previous bitcoin analysis shows that I'm bullish on bitcoin. In recent months, there has been divergence between gold and bitcoin. This has come to an end in recent weeks. Therefore, I now assume that this set of rules will come back. Gold can start building a second falling wave sequence in a double falling wave system. Therefore, gold turns to the south and can produce a wave of similar size to the first wave structure shown in the figure. The target price for this is 1388usd
Comments
cc247
Thank you.
meszaros
@cc247, 👍💰😊
dar-el
Is this analysis still holding?
meszaros
@dar-el, Yes it is. I assume the current rise is a corrective movement. The short-term trend is still declining.
dar-el
@meszaros, thank you.
dar-el
@meszaros, I have to thank you again, managed to close a nice profit shorting from 1513 to 1493.
Metihyseni
Agree,great analysis,check my profile also.
meszaros
@MetiFxTrade, Thank you very much.
UnknownUnicorn6626970
Agree with this
meszaros
@FX_Trader1, Thank you very much.
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