FX:XAUUSD   Gold Spot / U.S. Dollar
2740 17
Details in the chart
Comment: gold price fell as low as $ 1046 so the new bottom is a fact already if this is correct count wave c of y is either over we should expect a bullish reversal very soon this scenario would be confirmed when gold prices break the upper line of the endig diagonal
Well done...what do you next expect?
Well done. Still looking for 3 digits, but that might be out of the books if it breaks up.
Manijeh might have nailed this!! Looks like gold hit that new low and is now heading higher.

Probably a Elliot wave in a descending triangle.
Not sure if this is accurate, but hope it helps re-enforce your theory.
Overall oil prices going south yesterday (7 Dec).
However, return-risk ratio is definitely higher if a LONG is place at this low.
Do you think its now time for it to rebound to bullish territory ?
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I think the price to go a little higher and then reverse to downside because wave c of y is incomplete
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FxSaint manijeh.kazemi.33
Thank you for your views. Are you looking at any particular price where wave c of y will complete ?
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having in mind the fact that there is a strong support around $1044 this is idea definitely deserves your attention
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FxSaint manijeh.kazemi.33
Thank you again, will keep it in mind.
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best of luck
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