Beware Gold W formation is still in progress

업데이트됨
Gold is experiencing a reprieve to the 1943-45 price area but the complete bearish slope still have a potential extension to the downside into the 1904-8 area.
Here the sequences for XAUUSD
노트
The mentions 1945 area wasn't strong enough and Gold managed to push to 1955 zone. Let's see if we have the actual retracement from that level:
스냅샷
액티브 트레이드
Short from 1954.5 currently 1935
매매 수동청산
I am out of my 1954.5. I book my profit in 1929. The reason is that the daily close is natural resistance. The downside trend line is still valid. I will publish a new idea once that new bounce from the daily close is more formed.
스냅샷
Chart PatternsWave Analysis

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