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ORBEX: Gold Impulsive Upside Could Lead to Triple Combo!

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
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FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis XAUUSD yellowmetal commoditytrading triplecombo correctionwave
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trendanalysis chartpattern waveanalysis xauusd yellowmetal commoditytrading triplecombo correctionwave
Gold's upside move could end shortly, forming an intervening wave x that could be followed by either an ending zig-zag or an ending triangle pattern.

The successful correction could turn the current structure into a triple combination!

Look for potential invalidation above 1519/oz.

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice

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