XAUUSD Elliott Wave Analysis: Potential Wave Y Correction
In this 2-hour chart for XAUUSD, we observe the formation of a complex WXY correction pattern, indicating that the price may be gearing up for a significant move.
The chart shows a completed wave W and an ongoing corrective wave X, which is subdivided into an ABC structure.
As the price approaches the completion of wave X, we anticipate a strong wave Y to the downside, potentially targeting the 2321.374 level, followed by a powerful bullish reversal.
Traders should watch for a break below the wave X support to confirm the onset of wave Y, followed by a possible buying opportunity at the projected low.
This analysis suggests a potential decline to the 2321.374 level before a strong rally resumes. Keep an eye on key support levels and be prepared for possible market reactions.
The chart shows a completed wave W and an ongoing corrective wave X, which is subdivided into an ABC structure.
As the price approaches the completion of wave X, we anticipate a strong wave Y to the downside, potentially targeting the 2321.374 level, followed by a powerful bullish reversal.
Traders should watch for a break below the wave X support to confirm the onset of wave Y, followed by a possible buying opportunity at the projected low.
This analysis suggests a potential decline to the 2321.374 level before a strong rally resumes. Keep an eye on key support levels and be prepared for possible market reactions.
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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。