SteveTan

GOLD maybe an expanding flat pattern on wave (B)(cyan). 28/5/21

FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD possible is forming an expanding flat pattern on wave (B)(Cyan/light blue).. Maybe now we are at wave A (yellow) first leg down of the expanding flat pattern, where price could reach @ around 1845 ( which is support/resistance flip zone and the long term down trend lines breakout zone becoming support area ) .before resuming its uptrend @ around 1950 (major supply & Resistance zone ) for wave B (yellow) and finally last leg down for wave C (yellow) @ around 1780 which is daily 200 EMA deviation and demand zone..

xyz3dtrading
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.