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FX_Monk

XAUUSD - Long

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
FX_Monk Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Wave Analysis elliotwaveanalysis elliottwaveretracement elliottwaveideas xauusdlong xauusdanalysis xauusdsignal Fibonacci Retracement goldtradingstrategy commoditysignals
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waveanalysis elliotwaveanalysis elliottwaveretracement elliottwaveideas xauusdlong xauusdanalysis xauusdsignal fibonacciretracement goldtradingstrategy commoditysignals
XAUUSD Short

As per my earlier post XAUUSD impulse down is completed and now price action is correcting the impulse in an ABC fashion in 5-3-5 pattern.

My target for this ABC is 2020. 2018 and 2030 are the .618%/.786% retracements from the impulse down wave from 2048-1969.

If we see any rejections on daily on these levels one can go short.

Trade Safe!

Comment:
snapshot

Price rejected the .618% retracement and now we are heading down in an impulse wave, however if 1982 gets broken next profit target is 1976.
Comment:
Comment:
Bullish Count.

snapshot
Trade closed: target reached:
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