NeeravYadav

Gold is this an Ending Diagonal (Elliott Wave Analysis)

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
The current wave progression seems it is progressing as an Expanding Ending Diagonal.
The wave measures of Wave 1 -3 and Wave 3-5 are also having a 1.236 relationship which just adds on to the evidence.

If this pattern is correct then the market should face strong resistance at the upper channel line and see good strong selloff.

I will update further as this market progresses.

Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/

Video Course : 50eyes.com/elliott-wave-course

Author : Think with the Markets
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.