Gannvan
Long

XAUUSD - pivotal moment.

FX:XAUUSD   Gold/U.S. Dollar
365 3 1
Gold             has re-tested the B-D trendline . A daily candlestick close below B-D Trendline will confirm that the E wave of triangle completed at the 1345 high and a 5 wave downwards movement has commenced. Downwards movement out of triangle started rather slowly, not typical when exiting a triangle, suggesting that we are still in the final E wave and have just completed a 2nd wave correction.

If B-D trendline holds, price should find sharp upwards 3rd wave momentum .

Therefore sentiment: Bullish . For now.
Iskandarglenn
2 years ago
And if "B" is infact "A" then 5 complete.
+1 Reply
Gannvan
2 years ago
SMASH!
Reply
Gannvan
2 years ago
We will wait to see if it puts a daily candle stick below the B-D Trendline. It may decide to 'kiss' the trendline and continue lower.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out