Gold (XAU) Technical Analysis – Elliott Wave & Trendline Outlook 📉📊
Aapke chart ke mutabiq yeh post Binance par share kar sakte hain:
Gold Daily Chart Update! 🪙⚡
Looking at the current price action on the daily time frame, Gold has formed a significant swing structure, and I'm currently tracking a potential corrective or impulsive wave sequence using Elliott Wave theory.
Key Observations:
Wave Structure: Counting the waves (1 through 5) as marked on the chart, indicating potential downward correction or wave completion phases.
Trendlines & Support/Resistance: The intersecting trendlines show critical rejection zones, and the price is currently hovering near an important horizontal support/resistance level around the 3,995 mark.
Market Outlook: Expecting volatility within this channel. Keep a close eye on price action near these key levels for the next big move!
What are your thoughts on Gold for the coming weeks? Drop your analysis in the comments below! 👇💬 #gold #XAUUSD #elliottwaves #CryptoTradingInsights #TradingViewMagic #MarketUpdate
Aapke chart ke mutabiq yeh post Binance par share kar sakte hain:
Gold Daily Chart Update! 🪙⚡
Looking at the current price action on the daily time frame, Gold has formed a significant swing structure, and I'm currently tracking a potential corrective or impulsive wave sequence using Elliott Wave theory.
Key Observations:
Wave Structure: Counting the waves (1 through 5) as marked on the chart, indicating potential downward correction or wave completion phases.
Trendlines & Support/Resistance: The intersecting trendlines show critical rejection zones, and the price is currently hovering near an important horizontal support/resistance level around the 3,995 mark.
Market Outlook: Expecting volatility within this channel. Keep a close eye on price action near these key levels for the next big move!
What are your thoughts on Gold for the coming weeks? Drop your analysis in the comments below! 👇💬 #gold #XAUUSD #elliottwaves #CryptoTradingInsights #TradingViewMagic #MarketUpdate