Amirhosseinbahrami7899

XAUUSD Monthly Interesting and important idea

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hello traders this my opinion and my analysis about future of GOLD .this analysis was made by Harmonic Elliot Wave ( tried to use HER method) , Harmonic Pattern , Price action and Ichimoku (It's because our chart is crowded enough !) . I see a uptrend as wave 5 from wave c from major wave 5 . and also an expanded flat as wave a for correction ( It is maybe for a big demand for Gold and it will be as extended wave (b) in the flat ) . and also I can see a Three Drive Harmonic pattern . in a price action view we can see a rising wedge too so I see sharp drop for GOLD in future !
I know this chart is crowded and I'm sorry !
Comment:
This is my opinion .Ichimoku is hidden because our chart is crowded enough . I see an uptrend .Sorry I was littlie excited I did some mistake in my writing and I corrected that :)
Comment:
The route for Three drive pattern and Elliot waves are the same but for better view I a little changed the Three drive pattern points that you could see it better. !

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.