Gold
The price did not manage to break 1830 hard resistance, based on Eliot waves analysis we are on wave 2 and are about to start wave 3 down. The problem with Eliot.W analysis is that the number of waves within waves can be infinite.
I see that the price is starting to create lower high & low and already has a break support line on 1hr which indicates a new down move. It is our task as traders to be ready for everything and the price can try to retest 1830 once more before continuing its down move with target 1815 (support) and 1803 next.
This scenario fails if the price manages to break 1830 resistance.
The price did not manage to break 1830 hard resistance, based on Eliot waves analysis we are on wave 2 and are about to start wave 3 down. The problem with Eliot.W analysis is that the number of waves within waves can be infinite.
I see that the price is starting to create lower high & low and already has a break support line on 1hr which indicates a new down move. It is our task as traders to be ready for everything and the price can try to retest 1830 once more before continuing its down move with target 1815 (support) and 1803 next.
This scenario fails if the price manages to break 1830 resistance.
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