Gold formed 5 ellott waves: discount on 1D chart

Обновлено
Hello traders! On the 1D chart, we can see that a 5-wave Elliott pattern has formed. The downtrend from the high of 2050 has not been broken yet.

Currently, gold has risen to a resistance level at 1888 USD, so a short-term price decline may occur with immediate support at 1860 USD.

My target price is 1920 USD, with gold expected to reach the upper limit of the downtrend channel as analyzed.
Заметка
gold is down 1871 usd
Заметка
Gold price at the end of the transaction: price decreases slight
Сделка активна
Сделка закрыта: достигнута тейк-профит цена
Заметка
Gold price skyrocketed after a day
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