FX:XAUUSD   Gold / U.S. Dollar
2711 17 88
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?
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Well done. Still looking for 3 digits, but that might be out of the books if it breaks up.
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Manijeh might have nailed this!! Looks like gold hit that new low and is now heading higher.
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snapshot


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.
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Do you think its now time for it to rebound to bullish territory ?
GOLD - Value for MONEY (fundamentally & Technically)
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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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