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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)

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7/ This is what i forecast for in the bigger timeframe for GOLD:
Weekly
Monthly
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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
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Don't hesitate to comment and check my other ideas

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