XAUUSD reacted after hitting the resistance of 1890 and it seems that we will have price growth until the green resistance line in the daily time frame, that is around 1930 to 1940 and after hitting it to the resistance area of 1840 to 1830 we will see the price drop. until the corrective wave ends and it moves again towards the dynamic resistance line and sees...
Gold is in a 4-hour corrective wave. It is expected that this wave will reduce the price of XAUUSD to around 1890 dollars. In wave C (green), correction and wave B of C are completely imposed, and we are in wave C (red) of wave C (green), and it seems that this wave is the last correction wave and the historical minimum price areas of gold in We will see below...
According to Elliott's analysis, following the path of Bitcoin , this price drop seems reasonable. So we wait for the result...
This analysis is in a four-hour time frame. Elliott waves are on the path shown. This analysis needs an update, which I will post. Its daily analysis was previously posted
This is a detailed analysis of Elliott Waves for the price of gold on a daily time frame. It can be seen that we are now in a corrective price path in the indicated waves. After this four-hour analysis, I will also place my Gold Elliott Waves.
The euro is in the support range and I think that in the next few days we will have a correction for the downward trend and it will grow up to a specified level and then continue its downward trend.
The downward trend is expected for this currency pair. Therefore, to accompany up to the specified areas, I will consider the correction to the high level and confirmation of the sales direction
My analysis for Ethereum in the 4-hour time frame is still bearish and towards the specified targets.
The return of gold to the range above 2000 dollars can lead to a downward price rejection
Gold is concentrated in the resistance range, there is a possibility of gold swinging towards $2000 and falling again and breaking the resistance range in this way.
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After a general review of the trend of gold orders, the specified blocks are likely to be suitable areas for price reaction.