Get started
UnknownUnicorn5158708

XAUUSD: Key Resistance @ 1485 with Potential Reversal from 1490

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
UnknownUnicorn5158708  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci Elliott Wave Wave Analysis elliotwaveanalysis goldanalysis goldforecast elliotwaveofgold xauusdanalysis xauusdidea
14
0
fibonacci elliottwaves waveanalysis elliotwaveanalysis goldanalysis goldforecast elliotwaveofgold xauusdanalysis xauusdidea
Hi Traders,

Gold is currently retesting key resistance between $1482 and $1487. I'm looking at this corrective structure as a triple three - X1 is showing an expanding flat whilst X2 is a regular flat. I'm expecting price to make one more push to the upside (to complete wave Z) and reverse between $1491 and $1499.

Regards,
Wave Theorist
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.