FX:XAUUSD   Gold / U.S. Dollar
There is a correction in the gold             after a very long impulsive move from 2001. I found a barrier triangle in wave 4 of wave (A). The blue line shows the trajectory that may be followed by the gold             .
Sandeep, very nice, as usual. The decline in the dollar would favor this scenario as well.
Reply
Thanks Sandeep!
Reply
Welcome.
Reply
I am not able to trade gold with my broker (FXCM). I use the XAUUSD pair as indicator. The strong correlation with the AUDUSD pair allow me to know in what direction to trade. Also, the inverse negative correlation between AUDUSD pair and GBPAUD pair give me more room for my trades.
Reply
Or what is your strategy ? :-)
Reply
Later once the price reach 1300 and shows signs of reversal then sell, if the price follows same or similar root.
Reply
So are you going to buy now ? at those levels, and TP around 1300 ?
Reply
I am not giving buy or sell recommendation, I am just proposing the trajectory, the gold can take.
Reply
Good Idea.
Reply
Sir, I really love your chart analysis. Your charts are very clean and easy to understand. I want to learn more about Elliot Waves, any website or book that you recommend?


Thanks for sharing your knowledge.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out