SOLID ECN LLC
Solid ECN Representative
- Messages
- 510
Gold - The probability of decline remains.
On the daily chart, a downward correction continues as the fourth wave of the higher level (4), within which wave C of (4) is being formed. At the moment, the fifth wave v of C is developing, the formation of the third wave of the lower level (iii) of v of C is being completed.
If the assumption is correct, after the completion of the correctional wave (iv) of v of C, XAUUSD will fall to the levels of 1621.9–1515.1. The level of 1771.3 is critical and stop-loss for this scenario.
On the daily chart, a downward correction continues as the fourth wave of the higher level (4), within which wave C of (4) is being formed. At the moment, the fifth wave v of C is developing, the formation of the third wave of the lower level (iii) of v of C is being completed.
If the assumption is correct, after the completion of the correctional wave (iv) of v of C, XAUUSD will fall to the levels of 1621.9–1515.1. The level of 1771.3 is critical and stop-loss for this scenario.