Unlocking Insights: Gold Elliott Wave Analysis
Discover the latest in Elliott Wave Analysis for Gold (XAUUSD) as of February 14, 2024, providing valuable insights into market trends and potential opportunities.
Gold Elliott Wave Analysis
At a Glance:
- Function: Counter-trend
- Mode: Corrective
- Structure: Zigzag
- Position: Blue Wave Y of Red Wave IV
- Direction: Blue wave Y of red wave IV remains active.
Insightful Details: Following the completion of Wave (E) within the triangle wave X, culminating at $2044, a subsequent breakdown beneath the low of Wave (D) at $2014 ensued. Presently, the larger degree blue wave Y continues its descent and may potentially extend in 3-waves towards $1940. Consequently, the revised invalidation level for this forecast has shifted to $2045, corresponding to the high of wave (E).
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Technical Analyst: Sanmi Adeagbot
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Conclusion: Empower your trading journey with actionable insights from our Gold Elliott Wave Analysis. Gain a deeper understanding of market dynamics and unlock opportunities for profitable trading. Stay tuned for regular updates and analysis to navigate the ever-evolving landscape of the Gold (XAUUSD) market.
