Gold has been making some interesting price action.
We can see that previously Gold created an impulse (1) and then a bullish correction (2) which lead to an ascending correction (3) before it came tumbling down.
Gold is making almost the identical price action now. We had the impulse and the bullish correction, and now we're currently in an ascending correction.
The last time we saw something like this was on EURUSD where i explained extensively how price action can repeat over and over again. EURUSD went on to play out exactly as before.
You can find that post below.
Looking for Gold to make the same ascending correction as before and break to the downside.
If you enjoyed this post, be sure to leave a like and comment what you think!
As always, trade safe.
We can see that previously Gold created an impulse (1) and then a bullish correction (2) which lead to an ascending correction (3) before it came tumbling down.
Gold is making almost the identical price action now. We had the impulse and the bullish correction, and now we're currently in an ascending correction.
The last time we saw something like this was on EURUSD where i explained extensively how price action can repeat over and over again. EURUSD went on to play out exactly as before.
You can find that post below.
Looking for Gold to make the same ascending correction as before and break to the downside.
If you enjoyed this post, be sure to leave a like and comment what you think!
As always, trade safe.
Comment:
GOLD 2D - The descending trendline lines up nicely where the ascending correction ends
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