From TradingView · · 40s
Trade Corrective Wave for Gold
Trade the corrective wave pattern on gold with this chart setup.
In brief
Trade the corrective wave pattern on gold with this chart setup. A corrective wave pattern on gold suggests a short position opportunity. Originally reported by TradingView.
Corrective Wave Pattern
This chart shows a corrective wave pattern for gold trading on OANDA:XAUUSD.
Short Position Setup
The pattern suggests a short position on gold for September 16.
Technical Indicators
The chart uses descending wave, corrective wave, and Fibonacci retracement levels.
Reversal Pattern
This pattern indicates a possible reversal for gold to go short.
Disclaimer
The information does not constitute financial advice or recommendations.
What matters most
A corrective wave pattern on gold suggests a short position opportunity.
