FX:XAUUSD   Gold Spot / U.S. Dollar
111 0 3
Eventually. Maybe something a bit like this.

What I'm interested in is the zig-zagging around $1700, the 0.618/61.8% of wave A (or 1) however labelled. (I prefer to label the first drop A, back up B, then the second drop (1), forming an A-B-C, with C as a full motive unfolding, as can be in corrective waves.)

Wave (4) of C then zig-zags over the 1.618/161.8% extension of wave A. Does it then suggest wave 4 of (5) might zig-zag back and forth over the 2.618 extension, before finally dropping to $650 or thereabouts, thus bottoming on the 0.7639 retracement of the whole thing?

If it does reach $650 / $646 then it would make wave 5 of (5), if dropping from suggested resistance (lower gold             line) 1.618 of wave 1 of (5) and make wave 5 2.618 the length of wave 1.

I find this a satisfactory possibility for now.

Currently thought to be in corrective move to retest the upper bound of the steeper down channel at $1244 or thereabouts, forming a head and shoulders .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out