Free Forex tips, FREE Stock, Commodity & Forex tips

XAUUSD – Corrective Scenario Analysis

Free FX XAUUSD chart calls

Free FX XAUUSD chart calls

Timeframe: 4h
XAUUSD is currently in a corrective phase, with the potential for an upward move. However, the critical supply zone at 2750 could act as a significant barrier. A bearish reversal from this level may drive XAUUSD down to the 2550 level.
The price has completed Wave (A) at 2536, marking the optimal depth of the correction. Currently, Wave (B) is developing, forming Wave C within a barrier triangle pattern. Following this, Wave D and the final Wave E are expected to occur.

Get free forex & currency ideas, chart setups, and analysis for the upcoming session: Forex Signals

Want to get premium trading alerts on GBPUSD, EURUSD, USDINR, XAUUSD, etc., and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Forex Signals

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Research Reports, Premium screens, and much more. You΄ll quickly identify which commodities to buy, which to sell, and target today΄s hottest industries.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on Moneymunch.com, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.

Join Today (Free): Commodity Tips | Forex Signals

5 Comments

  1. Really love the way you explain XAUUSD analysis! I’ve been following your posts since the end of June, and they’ve been super helpful. I’m interested in your premium service for more detailed updates. Let me know how I can join!

  2. Awesome, I just purchased the 3-year Forex plan, and the books and courses are absolutely worth it!

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *