elliottwavegreen

Gold BEARS ARE ON in 15 minute chart AND Bear Trap is ALSO SET

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal , please adjust your trade accordingly.
After gold has completed the last leg of the ending diagonal (Wave Y at higher degree )of a higher degree combination correction, the price will jump up , be ware of tomorrow's bear trap, but don't be in rush to take small profits. Happy trading , keep money management in mind.
Thanks
Comment: the 4th wave triangle might actually widen a little more , but don't worry the waves are amazingly clear , so the 15 minute time frame trend is bearish..good luck
Comment: I am now expecting test of 1184, just be a little careful we might see sharp reversal
Comment: Since DXY US Dollar index has not moved much yet and it needs to go to in deeper correction, I am re thinking my target zone and wave labeling, the gold market stays bearish

Trade closed manually

Comments

Nice setup folling
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Is it possible that extend of bearish end near 1184-1181
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elliottwavegreen Pareshthesia
@Pareshthesia yah I am now expecting test of 1184,
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elliottwavegreen Pareshthesia
@Pareshthesia, just be a little careful we might see sharp reversal
Reply
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