Fomenka

GOLD is correcting before continuing a rally

FX:XAUUSD   黄金现货/美元
Gold is a difficult one this week. The price is in the middle or slightly above a very congested area. The count and previous bearish candles suggest that we can go down in the next few days preparing for a strong rally towards the end of the week.
But it can also just continue rallying. I am holding short and will be flexible to reconsider.

An alternative way to correct for gold could be a wedge or a triangle as indicated below. Silver also supports this view. Anyway, the odds are that I have to stick to my shorts until the count gets clearer within the next few days.

🗨️ t.me/EnergeiaCharta

🌏 energeiacharta.com

⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist

🗃️ Extensive analysis archives

📏 Chartopedia, with examples of applying ElliottWave to real world charts
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。