XAUUSD - GOLD analysis by Elliot waves - UPDATED
as H1 time frame I think the wave 3 is about to finish, awaiting prices to finish a correction as wave 4 (at shaded area between prices 1692 and 1682) is good opportunity for another long position.
This is to be failed if wave 4 breaks wave 1 at 1674 which it shouldn't be happened on impulsive wave rules
This is to be failed if wave 4 breaks wave 1 at 1674 which it shouldn't be happened on impulsive wave rules
Trade active
Trade closed: stop reached