Elliott Wave Insight: Anticipating a Bullish Reversal in XAU/USD
Gold Spot (XAU/USD) Analysis - 1 Hour Chart
In this 1-hour chart of Gold Spot (XAU/USD), we observe a potential Elliott Wave pattern unfolding.
The market is currently in a corrective phase with a W-X-Y formation.
After completing wave W at 2349.88, we are expecting a corrective wave X to complete soon, followed by a downward move for wave Y.
The anticipated support level around 2349.88 should be closely watched for potential reversal opportunities.
If the price action respects this support, we might see a significant upward move thereafter.
Key levels to watch:Support: 2349.88Resistance: 2400.00
In this 1-hour chart of Gold Spot (XAU/USD), we observe a potential Elliott Wave pattern unfolding.
The market is currently in a corrective phase with a W-X-Y formation.
After completing wave W at 2349.88, we are expecting a corrective wave X to complete soon, followed by a downward move for wave Y.
The anticipated support level around 2349.88 should be closely watched for potential reversal opportunities.
If the price action respects this support, we might see a significant upward move thereafter.
Key levels to watch:Support: 2349.88Resistance: 2400.00
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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。