anilmangal
Short

GOLD a leading diagonal?

FX:XAUUSD   Gold / U.S. Dollar
17427 27 354
Hi Guys, this up move looks like a leading diagonal . If this is true then the move down should be corrective. A corrective down move will be followed by a share up impulse . Let's see what the down move is and we will be ready. There is a sell setup on the lower time frame. I will post the 60 mins update.


Trade with care.
Thank you for your support.
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Thanks
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Best (Y) Learning a lot from you. Thanks Anil for your contribution.
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Thank you Anil
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@anilmangal
IMHO Simple ABC structure

there cannot be leading diagonal structure

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Very probable the breakout of ending diagonal and a new medium term bearish trend because I expect a strong dollar's bullish trend and it could pull down Gold (for the inverse correlation). What do you think sir about my view?

snapshot
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gold have strange wave
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on the spot...
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Thanx anil
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Indeed, it's really seems like a diagonal triangle
GOLD - diagonal triangle
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chinabox PRO IgnatBorisenko
@IgnatBorisenko,
I see the same construction.
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Are we still shorting Gold??? Any advice would be great. Cheers
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Thanks for the update
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so is now the flag before dropping or it didnt break yet?
thank you very much
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stop please ??? am in
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great job.
what is the target of this idown movement?
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Agreed. Traded this deep crab pattern. Don't you think that it could be a false break down?? Still not quite convinced with break down of the rising wedge.
Potential deep crab pattern + major resistance area.
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@elkuko21, no data in the chart is false unless your broker is making it.
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v_sumate anilmangal
@anilmangal, Thank you for your guideline... how would the correction will be? 1220?
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I'm shorting right now. Do you think 1220 is achievable today?
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Glad to see you on board @anilmangal
they are all posting previous ideas on your thing here but we all know who was 1st :)

GOLD (XAUUSD) - Corrective ABC for Intermediate Wave 2
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then ??
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You were right on with your analysis Anil,1215 as of today.Amazing.Please update.Much appreciated.
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amazing sir !
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i agree with you ,you look great
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@anilmangal ... Any updates here buddy? Appreciate some feedback & or thoughts. Cheers
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