Gold appears to be exhibiting a bullish trend on the daily timeframe, as it follows an ascending channel. The current price movement suggests a bullish rectangle pattern. For optimal entry, consider buying after a retracement of 50% to 61% with the completion of the fourth Elliott wave, maximizing potential gains within this structured trading approach.
Gold appears to be exhibiting a bullish trend on the daily timeframe, as it follows an ascending channel. The current price movement suggests a bullish rectangle pattern. For optimal entry, consider buying after a retracement of 50% to 61% with the completion of the fourth Elliott wave, maximizing potential gains within this structured trading approach.