user100000
Long

XAUUSD update

FX:XAUUSD   Gold/U.S. Dollar
112 0 3
I prefer this elliott wave count because it shows macd divergence between wave 3 and 5. I also replaced the wave (2) diagonal with a B wave triangle. The decline stopped where c=a*1.618. Wave (3) should start soon although worst case the market might dip lower to the wave 4 support area . The (red) WXY correction is also another possibillty which will delay the wave (3) from unfolding for a bit longer due to the "US elections" but if we take out 1375.04 decisively then assume wave (3) is underway.
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