AlexPalmaFXTrader

Gold Update working on a Complex correction or WXY

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

I haven't done an update on Gold in a while, here is where we stand right now
Since August 6 2020 we have been working a very tricky complex correction WXY where wave W is a Zig-Zag wave X a Triangle and 3 waves down ( ABC ) for wave Y.
We are still working on wave B (expanding triangle) of Y. I will be looking for short entries once a breakout occur below triangle support trendline and my targets will be as shown on chart
Thanks !
and don't forget to hit Like.

Comments

thanks for sharing! this is what I see on XAUUSD:
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++
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@Saeed966, great
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Well applied Elliott Wave analysis, thank you for sharing your perspective!
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AlexPalmaFXTrader SunnyHillCapital
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