Lionheart-EWA

XAUUSD - Metals Trading | Elliott Wave Structures I Q2 2019

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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XAU/USD - Elliott Wave Outlook

Bullish Swings - Patterns:
Cycle Degree Contracting Triangle (turquoise)
ABC sustained bullish swing in Cycle D (turquoise)

Bearish Swings - Patterns:
ABC Wedge Formation in Intermediate (A) (blue)

Next expected swing:
Bullish sequence in Intermediate (B) (blue)

Structure change:
A bearish continuation in an impulsive manner could lead towards a breach of the Fibonacci lines and could then result in a down-trend confirmation.
Lionheart-EWA Ronnie_Dong
@Ronnie_Dong, Nope, don't agree!
Reply
Ronnie_Dong Lionheart-EWA
@Lionheart-EWA, Different people have different opinions
Reply
Lionheart-EWA Ronnie_Dong
@Ronnie_Dong, XAUUSD is 1281 right now.
Sell it so you can feed my longs!
+1 Reply
Ronnie_Dong Lionheart-EWA
@Lionheart-EWA, Sorry, I'm a bear
Reply
Lionheart-EWA Ronnie_Dong
@Ronnie_Dong, Me too but not just yet, looking for the big short on gold as well. However, I would like a leg on the up-side first.
Reply
Ronnie_Dong Lionheart-EWA
@Lionheart-EWA, Your approach also makes sense
Reply
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