XAU - The GOLDEN Elliott Waves Analysis on GOLD

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

Today we are analyzing the gold , because the Elliott Waves analysis are always sooo clean with XAUUSD (check out my previous juicy gold ideas)

So let me share with you what is offered on this chart:

We have done the dark grey ABC of the B at 123%----> Screenshot 1

And we are now in the grey C of the white C of the yellow (a) . YOU FEEL ME?
After finishing the yellow (a) at the price of 1912----> Screenshot 2 & 3

For the reason of the:
  • 161,8% of the grey C
  • 100% of the white C

Then we are going to go for the yellow (b) -----> Screenshot 4

After that, we go for the yellow (c) in order to reach for the Red B----> Screenshot 5
We can put the Fibonacci Extension tools in any of those different objectives, and the final objective of the yellow (c) is often at the same place (either 100%, 113%, 123%)
Which is a veryyy strong objective that is the gold is HIGHLY going to reach:

It is between the price 1970/1960, for the 61.8% of retracement of the Red A and a previous support zone , which was created by the old fibs objective (check the my previous chart down below)

7/ This is what i forecast for in the bigger timeframe for GOLD:
BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
Don't hesitate to comment and check my other ideas


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.