Elliott wave Analysis: GOLD In A Pullback

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is turning lower, now trading beneath channel support line so we see metal in a new corrective wave. It's wave B that can be looking for a support at 1330 or maybe even at 1307-1316 area if we consider that B wave normally retrace at least 38.2%.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Comment: Gold turned up perfectly from projected support after three-wave decline as expected!! We remain bullish for wave C up towards 1400 level or maybe even higher!
NEW YEAR Limited-Time Discount:
30% Off On 12 Month FX Or Crypto Service: http://www.ew-forecast.com/register
checked just after i tried to make mu Eliott Wave. Good I see I`m on the right track :)
I was waiting for you to take a look at that! There was a triple RSI DIV on the daily candles the past days.
I think there is an indirect correlation between gold and crypto market. 1317 $ is expected but hopefully would drop a little lower at 1276.
+2 Reply
@Acel, I am waiting 1260 levels then I buy
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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