XAu Gold descending triangle chart pattern : Elliott Wave Short

GoldOANDA

Description

⋅ Sep 11, 2020 4:38 AM

Gold has made descending triangle chart pattern. Take sell entry with SL @1967 near Yellow descending trend line and TP @ 1863. breakout of yellow horizontal line will confirm bearish trend ie wave c of primary trend form all time high.

Comment

⋅ Sep 15, 2020 4:38 AM

Upside breakout

Comments

leeada2016

⋅ Sep 12, 2020 1:15 PM

very nice same idea but i think wave c or y as it seems will go 1.618 possibly

Sangam-Agarwal

⋅ Sep 15, 2020 4:38 AM

@leeada2016, it looks gold is read to upside breakout with strong fundamental reason
upside breakout setup