[GOLD W3 Aug 2021]
GOLD
Long Setup
Continuation trade:
👉🏻 Critical candle formed on the weekly chart. Monday's selloff have left price breaking below the weekly trendline and tagged the yearly lows of $1680, but bounced back off the 61.8% again to close the week with a ~1% gain. A long position may be considered IF pullbacks occur to $1760 level.
Potential Elliot Wave Count
Long Setup
Continuation trade:
👉🏻 Critical candle formed on the weekly chart. Monday's selloff have left price breaking below the weekly trendline and tagged the yearly lows of $1680, but bounced back off the 61.8% again to close the week with a ~1% gain. A long position may be considered IF pullbacks occur to $1760 level.
Potential Elliot Wave Count