XAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H1
According to the Long Time Frame #LTF it is Following ELLIOT WAVES and it has completed its impulsion and " B " corrective wave at Fibonacci Level - 38.20% and Started Rejecting
If we look at the Pattern in Short Time Frame #STF it is Following Bearish Channel and it Breakout the Upper Trend Line #UTL and Completed the retest
In Short Time we also have LOWER LOW - LOWER HIGH Pattern but its Rejected by the Strong Bullish Price Action and now it will Follow HIGHER HIGH - HIGHER LOW ( Impuslive )
Time Frame - H1
According to the Long Time Frame #LTF it is Following ELLIOT WAVES and it has completed its impulsion and " B " corrective wave at Fibonacci Level - 38.20% and Started Rejecting
If we look at the Pattern in Short Time Frame #STF it is Following Bearish Channel and it Breakout the Upper Trend Line #UTL and Completed the retest
In Short Time we also have LOWER LOW - LOWER HIGH Pattern but its Rejected by the Strong Bullish Price Action and now it will Follow HIGHER HIGH - HIGHER LOW ( Impuslive )