XAUUSD Update Important Channel (+Elliot Wave) The Weekly Time

FX:XAUUSD   Gold Spot / U.S. Dollar
802 8 15
Possibility Wave Count In Weekly Time Frame.

Like The Previous Chart In The Time Weekly.
According To The Analysis For Entry Buy And Sell Point..
Comment: Scenario Ending Diagonal
Comment: Possibility Move To 1187 ( Short Term)
Sell 1187 For 15 $
Comment: Maybe price go to 1187 , there we can sell for 15 $ profit
Comment: 1192 Resistance Como-Weekly
1199 Resistance Sma 100 - Weekly

After correction maybe price could break out 1199 , at now main resistance and pivot couldn't touch. Better that sellers go out on 1180-1188 zone and waiting for reaction
Comment: Sell Target 1 : 1182.50
Sell Target 2: 1175.50
Buy Setup: 1175.50 Target : 1223
I belive that your count is not correct. Here is my idea. I am waiting for closing above the red line. After that, I hope we will get a nice retracement, and it will give as a good chance to get long.
VRShaiju bulent_akgul
Your count also incorrect. Find why?
Ok. It will be great if you tell me why or greater if you can post correct one.
bulent_akgul bulent_akgul
Your publishing idea is my secondary scenario, because someone also published a chart like yours. But I really couldn't find any reason to start counting the ending diagonal from B. If you show me why, I will be greatful.
VRShaiju bulent_akgul
I can give some clues. Where is 4th Wave ends? That's the point we have to start. 4th wave ends in the area of your point D or inside a triangle. The duration of wave 2 and wave 4 has to be the same in cycles. :)
It looks your count also not correct anymore. As you can see, B wave reached above the start of A wave. If both of us wrong, we need to find a correct count immediately.
chinabox VRShaiju
Why wave 2 and 4 has to be equal in durartion? Never read that before...
Pure bad count. I am sorry. I don't know why you altered the previous count. Looks like you scared by PA or the sentiment. If you are confused stay away. The final wave screamed an expanding diagonal not an impulse. use corrective count for bulls in bear market :(
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