Gold. What is the next move?

20 lip 2024

The price if breaches 2416 , may rise up to the 5th yellow wave which is also the 2nd black wave . Then if price can not cross the red resistant line and subsequently the price 2453 above, the black trend continues and the 3rd wave can reach and breach the top of the ciritcal support zone and this short time trend ends around the price 2293 . The alternate daily green story is the price bounces back from 2364 which is the top border of the critial support zone. If the price breaches 2440 and the 2453 area this will be a confirmation that the big green A,B,C movement in the daily period is being confirmed and in the second half of the August the price can be around 2550. The weekly price movement says that the 4th correction way to downwards about the start, therefore the black trend move is more likely to happen.

Thanks for reading.

25 lip 2024

Zlecenie aktywne

This black trend went good so far. The new price levels will be followed in the following days. I believe the price will be around 2330 on 30th July or 1st of Augst. These are predictions may not occur.