XAU/USD: wave analysis 01.04.2022
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on XAU/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The pair may grow.
On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave iii of (iii) has formed, the correctional wave iv of (iii) has ended, and the development of the wave v of (iii) is starting. If the assumption is correct, the pair will grow to the levels of 2150.00–2200.00. In this scenario, critical stop loss level is 1890.45.
Main scenario
Long positions will become relevant during the correction, above the level of 1890.45 with the targets at 2150.00–2200.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 1890.45 will let the pair go down to the levels of 1749.62–1681.52.
Use more opportunities of the NPBFX analytical portal: trading signals for commodities
How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on XAU/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The pair may grow.
On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave iii of (iii) has formed, the correctional wave iv of (iii) has ended, and the development of the wave v of (iii) is starting. If the assumption is correct, the pair will grow to the levels of 2150.00–2200.00. In this scenario, critical stop loss level is 1890.45.
Main scenario
Long positions will become relevant during the correction, above the level of 1890.45 with the targets at 2150.00–2200.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 1890.45 will let the pair go down to the levels of 1749.62–1681.52.
Use more opportunities of the NPBFX analytical portal: trading signals for commodities
How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX.