empty
 
 
13.09.2022 07:51 AM
Elliott wave analysis of Gold for September 13, 2022

This image is no longer relevant

Gold has done much to prove a corrective low is in place. We need a break above minor resistance at 1,746 to confirm gold has bottomed and a new impulsive rally is ready to unfold. The first target would be seen near 1,809, while the long-term target is seen at 2,400 and ideally closer to 2,700.

However, for now, gold needs to prove itself and break above minor resistance at 1,746 as the first indication that a bottom is in place and a new impulsive rally is building.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In June we raffle $1000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback