DavoodWadi

Heads up for the bat pattern on Gold

FX:XAUUSD   Gold / U.S. Dollar
First off, as elliott wave counting suggests we are sitting on the 4th wave of the new down move which is forming.

Now for the 4H time frame we recently bounced off the 38.2% retracement of wave 3 but unfortunately this level didn't hold and gold             has rallied through it starting today.

Now we're looking at the formation of a bat pattern as you can see from my chart.

Short XAUUSD             ( Gold             ) at 1314             .00 with the stops at 1321.00

My first target would be at 1290.00 but for the longer time frame I'm aiming at 1260.00

Let's wait and see if it ever gets to 1314             even though 1300 line is ahead of us!
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out