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elliottwavegreen

GOLD BEARS ARE ON

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
elliottwavegreen Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis Elliott Wave goldsho elliottwaveprojection goldtrading goldidea
5
0
chartpattern trendanalysis elliottwaves goldsho elliottwaveprojection goldtrading goldidea
Gold is completing an ending diagonal as wave (c) of the wave (a), (b), (c) zigzag. The ending diagonal is going through the process of completing wave (5) in the ending diagonal , since wave (3) is larger in size than wave (1), wave (5) is going to be larger than wave (3). A price movement beyond the encompassing support line of ending diagonal will invalidate the wave count. A good 1: 2 loss to profit ratio trade.
good luck

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ELLIOTTWAVEGREEN
Trade closed manually
Comment:
price action is not unfolding as it should , so closed the trade with minor profit.
Trade active
Comment:
The sideways move appears to be a triangle, I have re started this trade.
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