XAUUSD Gold
D1 – Consolidation is visible at the lower line of the channel, which may indicate the potential completion of the 1st wave on W1 and the beginning of a correction with the potential for a fall to the level of 1910.00.
H4 – for a more understandable entry and trading within the corrective 2nd wave on W1, it is better to wait for a retest of the trend line. An entry can be considered after a correction to H4 when the level of 1976.32 is broken.
What can you expect?
In case of successful fixation to the trend line, you can, with little risk, consider entering from the nearest levels of 1976.32, theoretically with a target of 1910.00 – 1863.53.
It's better not to take any increased risks. The price may also return to the ascending channel and continue moving upward. Canceling the idea during the breakthrough 1995 – 2011
I would also like to draw your attention to the fact that in the coming days there will be important news that may lead to false movements in the market. When deciding to enter, you should be careful.
Long
Targets 1965.86 - 1953.51 - 1942.74 - 1914.22
D1 – Consolidation is visible at the lower line of the channel, which may indicate the potential completion of the 1st wave on W1 and the beginning of a correction with the potential for a fall to the level of 1910.00.
H4 – for a more understandable entry and trading within the corrective 2nd wave on W1, it is better to wait for a retest of the trend line. An entry can be considered after a correction to H4 when the level of 1976.32 is broken.
What can you expect?
In case of successful fixation to the trend line, you can, with little risk, consider entering from the nearest levels of 1976.32, theoretically with a target of 1910.00 – 1863.53.
It's better not to take any increased risks. The price may also return to the ascending channel and continue moving upward. Canceling the idea during the breakthrough 1995 – 2011
I would also like to draw your attention to the fact that in the coming days there will be important news that may lead to false movements in the market. When deciding to enter, you should be careful.
Long
Targets 1965.86 - 1953.51 - 1942.74 - 1914.22