END of Cycle Short

FOREXCOM:XAUUSD30

Gold / U.S. DollarFOREX.com

Description

⋅ Jun 3, 2020 10:27 AM

XAU end of cycle
Watch the RSI to be oversold.

AB=CD Elliott Wave

Comments

tousif16

⋅ Jun 3, 2020 10:57 AM

mate your wave count is wrong. 5th wave looks corrective (no clear 5 waves structure)..

boatboat001

⋅ Jun 3, 2020 2:29 PM

@tousif16, Truncated 5th wave? maybe?

tousif16

⋅ Jun 4, 2020 4:45 AM

@boatboat001, Nope. Even when you look at wave1 - it is up in 3 waves. So the whole count is wrong and has been invalidated by yesterday's price decline.