docholliday

XAUUSD daily structure ABC or diagonal

FX:XAUUSD   Gold Spot / U.S. Dollar
195 2 6
Watching as we come to the daily TL - if completed abc - watch for break of trend and consolidation for a retracement drop - however a diagonal structure looks like a valid consideration. If you study Elliot Wave this will make sense.
On point!!! impressive!! :)
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This is looking like a nice 5 wave structure forming within the Daily above.. Look for a bear flag and good idea to take the sell to the bottom -- what if it goes as ABC - and does not go back for diagonal.. you are in one whale of a good trade ;) let see if we get it next week!
snapshot

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