Gold futures dropped into the pink-box target area based on the Fibonacci retracement between $3,750 and $4,000.
As expected, the RSI has reached the 50 “waterline”, where it could find some support and start moving around that level.
Many traders lose money in fourth waves, as they can be “anything” and often last longer than one’s pocket. I’ve outlined a triangle shape in wave 4 just for visual context.
The range built through the peak of wave 3 around $4,400 and the bottom of recent panic selling near $3,900 will likely contain most of the volatility in wave 4.
It can take time… testing one’s patience.
As expected, the RSI has reached the 50 “waterline”, where it could find some support and start moving around that level.
Many traders lose money in fourth waves, as they can be “anything” and often last longer than one’s pocket. I’ve outlined a triangle shape in wave 4 just for visual context.
The range built through the peak of wave 3 around $4,400 and the bottom of recent panic selling near $3,900 will likely contain most of the volatility in wave 4.
It can take time… testing one’s patience.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。