cbud
Long

GOLD (B) WAVE LOW IS IN, WAVE (IV) RESISTANCE LEVELS CALCULATED

FX:XAUUSD   Gold/U.S. Dollar
150 2 5
6 months ago
The trade here is a Bull rally until 1232.20. Then Bearish to lower lows.
Wave (ii) took 6 days and was a sharp Zigzag.
By alternation, expect this rally to be a slow march upward (not how I've drawn a simple ABC zigzag t in the Ghost feed).
It's not a Flat so far unless we get another leg down for double bottom, so expect 7 swings for a maybe a Double Zigzag (or Triple Zigzag 11 swings if we're painfully unlucky) or or course a Triangle, but that doesn't look like it's forming just yet. But we are in a wave 4 situation, so Triangles are common.

In any case, Rally to 32.20 and then watch out below.
6 months ago
Comment: why won't Tview publish this? is it a server software bug?
Truth is what happens in the real world; not necessarily words from a book.
mater PRO
6 months ago
Good chart and thanks for sharing...
Reply
Bigbadbozza
6 months ago
Great chart, excellent Elliott Wave analysis.
Reply
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