Gold Is Coming Lower Out Of A TriangleSep 27, 2023

Gold is coming lower for wave C out of wave B triangle pattern from technical point of view and from Elliott wave perspective.

Gold was trading sideways through summer period, where we have been tracking a bearish triangle formation. On September 19 we also shared on article on, where we mentioned and highlighted final wave (E) of a bearish triangle pattern in wave B. CLICK HERE

Gold Is Coming Lower Out Of A Triangle GOLD 4H Chart From September 19
GOLD 4H Chart From September 19

As you can see today, wave (E) stopped at the 61.8% Fib resistance from here we can see nice turn, below wave D and through the trendline support, so bears can be in control now. Therefore, be aware of a further weakness into wave C, below 1880 area.

Gold Is Coming Lower Out Of A Triangle  GOLD 4H Chart From September 27
GOLD 4H Chart From September 27

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register here (Limited-Special 2 for 1 Offer available)

DAX Breaks Down From A Triangle. Check our blog HERE.


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.