TRADECONOMICS FOR XAUUSD AUGUST 7 - 13, 2022
TRADECONOMICS FOR XAUUSD AUGUST 7 - 13, 2022
The precious metal as been bearish since mid-June 2022 and took a u-turn in mid-July 2022 after a bullish engulfing. Currently the Gold had hit 61.8 % fib level on swing 1855 and 1680 regions.
A closer look on 4 hours shows that the metal had just completed Elliot wave 1 -5 cycle and it is ready for a bearish dive into the B1 @ 1740 price region (see image above for detailed analysis). Some Technical Analyst could also spot Failure Swing pattern and a Reversed Head and Shoulder as the case maybe. However, the corrective wave of a - c has been triggered, appropriate risk management is advised. Do have a pipful week. #LEARN2EARN
The precious metal as been bearish since mid-June 2022 and took a u-turn in mid-July 2022 after a bullish engulfing. Currently the Gold had hit 61.8 % fib level on swing 1855 and 1680 regions.
A closer look on 4 hours shows that the metal had just completed Elliot wave 1 -5 cycle and it is ready for a bearish dive into the B1 @ 1740 price region (see image above for detailed analysis). Some Technical Analyst could also spot Failure Swing pattern and a Reversed Head and Shoulder as the case maybe. However, the corrective wave of a - c has been triggered, appropriate risk management is advised. Do have a pipful week. #LEARN2EARN
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.