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mytrade1602

Modified Schiff pitchfork and elliot waves analysis

Gold Spot / U.S. Dollar (FX:XAUUSD)  
mytrade1602 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
2
0
Possible price action based on modified Schiff pitchfork and elliot waves analysis. Watching for the wick when retracing to 1290.
Comment:
Watch for the price action around 1292. If long wick for rejection, it certainly will move up. If no, gold might fall, the pitchfork channel and wave will be invalidated.
Comment:
Price action around 1290
Comment:
1292 target reached, but as the testing of 1305 being tested again, it might be tested again.
Comment:
Price breached the bull channel, trade close.
Trade closed: target reached
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