Gold Elliott Wave Count
The price of gold is predicted to decrease further to around 1760. Although there may be a slight rebound at the 1805 mark, the overall outlook remains negative. Once the correction is finished, the next upward trend is expected to reach the target range of 1900 and beyond.
This information is for educational purposes only, so trade with...
Collab w/ @ealeites
This is my analysis and idea only. Do not take this as financial advice, and please do not base any trades based on this chart, or any content I post. These are my thoughts only. Operating in crypto is dangerous and can quickly stack up big losses. Always study, and do your due diligence.
Weekly gold analysis
📝 Analysis:
Gold in the past week!
In the past week, gold has stopped following an uptrend as the 10-year U.S. Treasury bond, which rose nearly 1% in the last few days of the week, forced gold to pull back.
Another reason for the decline in gold can be attributed to the rebound correction of the dollar index last weekend.
But in...
Gold in the past week!
The news of the Wall Street Journal and the possible intervention of the yen at the end of the week caused great fluctuations in the market and caused the gold market to turn green. The market is looking for clues about these fluctuations to make sure, it has the power to join these fluctuations or the news.
The Wall Street Journal reported...
Looking for the Monthly Chart, I believe GOLD will going down again to continue the bearish pattern with first target is 1590 then price will do the correction up after that will continue down until 1525 - 1530 as final target then that will be the lowest price of GOLD in 2022.
Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in yellow color I added only for explanation purposes to show where the downtrend was broken.
We have 2 Uptrend in green color (Internal Uptrend and Long Term Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have...
