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             .
aleipena
2 years ago
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
Sandeep_Gupta aleipena
2 years ago
Thanks, the wave site I followed is elliottwave.com. The book you can read is Visual Guide to Elliott Wave by Wavne Gorman and Jeffrey Kennedy.
+2 Reply
Sandeep_Gupta Sandeep_Gupta
2 years ago
To test and enhance your knowledge you can go to http://www.elliottwave.com/grpcontent/knowledge/default.aspx, here test charts and their solutions are given.
+1 Reply
Sandeep_Gupta Sandeep_Gupta
2 years ago
You can study the Jody Samules's Elliott wave course.
+2 Reply
IvanLabrie TOP Sandeep_Gupta
2 years ago
Excellent, thanks for sharing Sandeep.
Reply
pmks1
2 years ago
So are you going to buy now ? at those levels, and TP around 1300 ?
Reply
Sandeep_Gupta pmks1
2 years ago
I am not giving buy or sell recommendation, I am just proposing the trajectory, the gold can take.
Reply
Sandeep_Gupta pmks1
2 years ago
Good Idea.
Reply
pmks1
2 years ago
Or what is your strategy ? :-)
Reply
Sandeep_Gupta pmks1
2 years ago
Later once the price reach 1300 and shows signs of reversal then sell, if the price follows same or similar root.
Reply
aleipena
2 years ago
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
aleipena
2 years ago
Thanks Sandeep!
Reply
Sandeep_Gupta aleipena
2 years ago
Welcome.
Reply
Sandeep, very nice, as usual. The decline in the dollar would favor this scenario as well.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out