Gold 9/9/2024 Idea
Gold is currently in Wave 3 on the monthly chart, showing an uptrend. On the weekly chart, there are three consecutive Doji candles indicating indecision, which could potentially lead to the start of Wave 4 (not confirmed yet). This suggests possible consolidation on the daily chart between $2,470 and $2,525, while also noting the presence of a bull flag pattern that I am monitoring for a potential breakout.
On the 4-hour timeframe, an ABC corrective wave is forming, with bearish targets at the 61.8% Fibonacci level at $2,470, and further down to the 78.6% and 88.5% levels. There is also confluence with a breaker block and Fair Value Gap (FVG) at 2470 level.
On the 30-minute chart, I am currently looking for a short position targeting the $2,470 area at any corrective wave on shorter timeframe .And If this area holds and I see any bullish candlestick patterns, I will start buying gold.
On the 4-hour timeframe, an ABC corrective wave is forming, with bearish targets at the 61.8% Fibonacci level at $2,470, and further down to the 78.6% and 88.5% levels. There is also confluence with a breaker block and Fair Value Gap (FVG) at 2470 level.
On the 30-minute chart, I am currently looking for a short position targeting the $2,470 area at any corrective wave on shorter timeframe .And If this area holds and I see any bullish candlestick patterns, I will start buying gold.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.