Gold Completes Elliott Triangle
Since the selloff started in early August, gold has fallen into a consolidation, forming a symmetrical triangle.
The gold was trading above support level 1939 throughout the week but has broken below a rising trendline the day after FOMC.
The bearish wave after FOMC has also marked an end to an Elliott triangle which could potentially send the gold further south.
Last Friday has shown a significant pullback and therefore, we can look to sell gold in the coming week as soon as the market is opened next week.
The gold was trading above support level 1939 throughout the week but has broken below a rising trendline the day after FOMC.
The bearish wave after FOMC has also marked an end to an Elliott triangle which could potentially send the gold further south.
Last Friday has shown a significant pullback and therefore, we can look to sell gold in the coming week as soon as the market is opened next week.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.