empty
 
 
05.08.2022 06:17 PM
Gold Elliott wave analysis part two.

This image is no longer relevant

Blue lines- Fibonacci retracements

Black lines- bullish channel

Following our last analysis on Gold using Elliott wave Theory we warned traders that price was at its final upward wave and a reversal was imminent. Upside potential was limited and bulls needed to protect their gains. Gold price is challenging the lower channel boundary. Gold has most probably completed the entire impulsive upward wave as the clear 5 wave structure suggests. A minimum pull back towards the 38% Fibonacci retracement is expected. Gold price is expected to make a pull back and our most probable target is at $1,725-30 where we find the 61.8% Fibonacci retracement level of the entire upward movement.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback