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fra978
Apr 3, 2021 5:27 PM

GOLD (XAUUSD) 30min - Zigzag up idea Long

GoldOANDA

Description

I think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave.

So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of waves.

Soon i will post an higher timeframe idea of the upper cycle in wich this should be a part.

Comment

There is another possibile count that goes up to 60 area without passing for a retest of 710 area that would be ever a zigzag (5 3 5):

Comment

This would be my view on higher cycle:

Comment

This is going up, but without following my path, so something is wrong into the count of this idea and we have to look for something else.

Comment

I'm almost sure that this move is not an impulse of 5 waves up but a multiple corrective move, for example like this:
the first ABC hasnt reached the right level so we have doubled. Makes sense. Lets see how will continues.

Comment

I think the final destination will be something like this:

Trade closed manually

This idea has been abandoned, new one here:

Trade closed: target reached

Comments
rayanjamali8994
Thanks for every thing
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