meszaros
Short

XAUUSD further decline.

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD further decline. My previous bitcoin analysis shows that I'm bullish on bitcoin . In recent months, there has been divergence between gold and bitcoin . This has come to an end in recent weeks. Therefore, I now assume that this set of rules will come back. Gold can start building a second falling wave sequence in a double falling wave system. Therefore, gold turns to the south and can produce a wave of similar size to the first wave structure shown in the figure. The target price for this is 1388usd

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Thank you.
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@cc247, 👍💰😊
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Is this analysis still holding?
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meszaros dar-el
@dar-el, Yes it is. I assume the current rise is a corrective movement. The short-term trend is still declining.
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dar-el meszaros
@meszaros, thank you.
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dar-el meszaros
@meszaros, I have to thank you again, managed to close a nice profit shorting from 1513 to 1493.
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Agree,great analysis,check my profile also.
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meszaros MetiFxTrade
@MetiFxTrade, Thank you very much.
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Agree with this
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meszaros UnknownUnicorn6626970
@UnknownUnicorn6626970, Thank you very much.
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