Фотография
нажмите — покажем
нажмите — покажем
Gold is shaping the bottom of its 2nd wave correction, right around the 78.6% level.
The market has two ways to finish it.
Wave C may already be complete, or price takes one more dip to sweep the lows before turning.
Different route, same destination.
For me the bigger picture matters more than the exact candle. Over the past decade, buying gold on pullbacks has been the winning side, and selling it has not 🙌😎
I trade swing, so a few extra days of patience cost me nothing.
When the turn confirms, I will be ready to buy.
Фотография
нажмите — покажем
нажмите — покажем
XAUUSD previously traded within an ascending channel before breaking out to the upside, subsequently forming a descending channel. The price then tested the demand zone near 4100 and rebounded.
Currently, XAUUSD is trading below the 4250 supply zone but remains above the 4100 demand zone. The recent rebound from the support level suggests that buyers are preparing for the next leg up.
The bullish outlook remains valid as long as XAUUSD stays above 4100 and holds the current support structure. Should the price continue to rise, the target could be 4250. However, a drop below 4100 would weaken the bullish outlook. Please manage risk carefully!