thenry

"This Is What I See"

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
14
Hello Traders, I see it being "Bullish". With geo-political issues this might not be "such a good thing". On a more "optimistic side" I believe if this is bullish it is just a Correction. Would end roughly in October with Gold crashing to the Downside. For now it appears each "Wave 1" up has been a "Leading diagonal". In Elliot Wave if "Wave 1" is a leading diagonal "Wave 3" is normally extended. Currenty we could be in that "Wave 3". A touch of this current "Bullish Trendline" and this analysis is "Incorrect" Good Luck.
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