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marketpainterPH
May 30, 2023 1:40 PM

#XAUUSD Last Potential Leg to the Downside a Probability Short

TVC:GOLD60
GOLD (US$/OZ)TVC

Description

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Timeframe: H4
An expanded flat is a potential corrective wave 4 of A and a probability that wave 5 is yet to complete the impulsive Wave A to the levels 1906-1913.

A break below 1932 last swing low will confirm and validate this analysis.
Chart PatternsWave Analysisgoldshortxauusdshorttradingelliottwaveprojection
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