NubisTrader

Gold Short on Weekly Wave Z

NubisTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

Gold is completing the cycle of WXYXZ on weekly Timeframe there will be an opportunity to short at the completion of Wave Z
Comment:
Gold has almost reach the designated rejection area please filter the possible reversal pattern at lower timeframe once the area is reached
Comment:
Gold has reached 1555 and has start to show a reversal sign by forming a shooting star pattern on weekly candle. Looking for opportunity to reentry sell on daily chart.

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.