From TradingView · · 40s
Gold Daily: Recovery within wave (ii)
Gold price may rebound to $4,382, $4,456 as wave (ii) corrects.
In brief
Gold price may rebound to $4,382, $4,456 as wave (ii) corrects. Gold could recover to $4,382, $4,456 before potential downside if wave (ii) completes. Originally reported by TradingView.
Gold price at $4,174
Gold is trading around $4,174 per ounce after recovering from $4,066.54.
Wave (ii) correction underway
Wave 'b' ended at $4,697.10 before five smaller downward waves formed.
Key recovery zone
Price may rebound to $4,382, $4,456, a 50%, 61.8% retracement of wave (i).
Critical price levels
Breaking below $4,066.54 could trigger immediate downside, while $4,456 supports recovery.
At a glance
Gold could recover to $4,382, $4,456 before potential downside if wave (ii) completes.
