GOLD: Z Wave in Progress - WXWXZ Pattern

5月28日

GOLD: Z Wave in Progress - WXWXZ Pattern

GOLD: Z Wave in Progress Gold is currently developing the final leg of a complex WXYXZ pattern, with the Z wave taking shape.

Gold tends to rise unpredictably—even on days without major news or strong market volume, making this a hazardous trade.

FOMC Minutes Today.
The Federal Reserve’s minutes from the May 6-7 meeting will be released today. Policymakers showed no signs of adjusting interest rates soon, and today’s report may highlight how firmly they are sticking to their current "wait-and-see" approach.

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5月29日

交易進行

📣Gold confirms further bearish movement

🎯 Two of our targets have already been hit! 🔥🚀🚀🚀😁

Yesterday, a trade court blocked President Donald Trump’s tariffs, ruling that he exceeded his authority by imposing broad duties on imports from U.S. trading partners.

This decision triggered a sharp sell-off in gold, driving prices down from 3225.40 to 3245.20, a decline of nearly 2.40%.

Since gold reacted strongly to the news, it’s clear that tariffs were the primary catalyst behind its recent move. If the market remains free from external manipulations, the downtrend is likely to continue over the coming days.

Gold is currently unfolding the Z wave within the WXYXZ pattern.