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Nolan_Signal

Gold formed 5 ellott waves: discount on 1D chart

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Nolan_Signal Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Technical Indicators XAUUSD intradaytrade optionsstrategies longsetup Forex signal goldidea
10
0
trendanalysis harmonicpatterns indicator xauusd intradaytrade optionsstrategies longsetup forex signal goldidea
Hello traders! On the 1D chart, we can see that a 5-wave Elliott pattern has formed. The downtrend from the high of 2050 has not been broken yet.

Currently, gold has risen to a resistance level at 1888 USD, so a short-term price decline may occur with immediate support at 1860 USD.

My target price is 1920 USD, with gold expected to reach the upper limit of the downtrend channel as analyzed.
Comment:
gold is down 1871 usd
Comment:
Trade active
Trade closed: target reached
Comment:

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