tofinse

Gold triangle correction ?

Long
EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
on 4H chart
after strong down impulse wave

now price show Elliott wave triangle correction

If we count wave correctly price should go up another leg
so we place Long position with 2RR

also in smaller time frame at 1H you can see bullish engulfing to confirm this entry
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.