From TradingView · · 30s
Gold Short Idea
Trader spots wave pattern in gold price.
In brief
Trader spots wave pattern in gold price. A TradingView user identified a wave pattern suggesting gold may rise briefly before collapsing. Originally reported by TradingView.
Short idea for gold
A TradingView user named Manna35924 spotted a wave pattern in gold prices that suggests a short opportunity.
“Hello all. as you see market made a Wave2 and we need Wave3. then market will go up a little and again will be collapsed. waves are 1-2-3 and we have no wave 4 and 5 here. be happy(wink)”
Wave pattern observed
The user noted the market completed wave 2 and requires wave 3 before a brief price rise and subsequent collapse.
Short opportunity
The pattern indicates gold prices may rise slightly before collapsing, creating a shorting opportunity.
Here's the gist
A TradingView user identified a wave pattern suggesting gold may rise briefly before collapsing.
