Bearish Momentum will Continue to the 61 Fib
Multi Timeframe Analysis
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace in the direction of the D1 master trend.
Recommendation:
Gold could not pierce the last weekly high and commenced moving downwards. Wave analysis is clear: the price will continue dropping further- potentially to the 61.8% fibonnaci.
In another week, XAUUSD may reach the 1680 levels after which expect a rebound up
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace in the direction of the D1 master trend.
Recommendation:
Gold could not pierce the last weekly high and commenced moving downwards. Wave analysis is clear: the price will continue dropping further- potentially to the 61.8% fibonnaci.
In another week, XAUUSD may reach the 1680 levels after which expect a rebound up
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。
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。