XAUUSD swing to 1200 may have begun - primary count down.

FX:XAUUSD   Gold Spot / U.S. Dollar
256 1 3
I recently published two EW analysis of gold             bearish triangle situations. last night, gold             hit the top trend line of the smaller scale triangle, completing the 'e' wave, and now we have a primary to the down side. this suggests that a larger (C) of wave 'D' of the larger triangle is under way, targeting cerca 1200. although the scale is small regarding the primary, this trade is part of a larger high confidence set up shorting under 1305, and on a larger scale, under 1375. targeting 1200 from here gives as astounding 1:9 risk reward ratio. I am aggressively short from 1302. To enter short, I would look for an abc to robust fib retracement as illustrated, or I would sell and hold tight on a breakout below 1292.
I think we will see 1272 in less than 48 hours
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out