The latest Elliott Wave analysis on XAUUSD points to a SHORT trading opportunity. After completing an upward wave (b), the pattern suggests the formation of a bearish wave (c), which could potentially lead to a new low beyond the termination of wave (a).
The price has begun to decline sharply from the peak of wave (b), signaling the start of what might be an impulsive move down. In line with Elliott Wave theory, the typical targets for wave (c) are often at or beyond the end of wave (a), with the 1.0 and 1.618 Fibonacci extensions of wave (a) serving as potential support levels.
Given gold’s recent volatility and its role as a safe haven in times of economic uncertainty, this anticipated downward move could be a reaction to the latest market sentiments or economic releases. For traders considering a SHORT position, the current setup offers clear parameters: entries can be planned following the confirmation of the trend reversal, with stops placed above the start of wave (b) to manage risk.
As with any trading strategy, it's essential to monitor price action closely and remain prepared to adjust positions as the market provides new information
The price has begun to decline sharply from the peak of wave (b), signaling the start of what might be an impulsive move down. In line with Elliott Wave theory, the typical targets for wave (c) are often at or beyond the end of wave (a), with the 1.0 and 1.618 Fibonacci extensions of wave (a) serving as potential support levels.
Given gold’s recent volatility and its role as a safe haven in times of economic uncertainty, this anticipated downward move could be a reaction to the latest market sentiments or economic releases. For traders considering a SHORT position, the current setup offers clear parameters: entries can be planned following the confirmation of the trend reversal, with stops placed above the start of wave (b) to manage risk.
As with any trading strategy, it's essential to monitor price action closely and remain prepared to adjust positions as the market provides new information
交易結束：目標達成
✅ Forex Signals: t.me/+prIBChd_gkc4M2E0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0