Gold - Possible UP impulse — Gold / U.S. Dollar (FX:XAUUSD) / 2016-09-20 — lincolnborgesrp

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Gold / U.S. Dollar (FX:XAUUSD)

FX:XAUUSD Gold / U.S. Dollar

Ending the corrective triangle, lets buy and see if we get this impulse.
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about AUDUSD

So I guess the direction should go up as your blue arrow indicated ?

albertwt

If you believe in the Elliott Wave theory, so yes, the price follow this system, Impulse -> Correction -> Impulse -> Correction ............ and then change the direction doing the same thing.

Gold did a impulse, then a FLAT correction wave and a Impulse. Now he is in a correction wave again and in a few weeks can happen another impulse.

Of course this is what i analyse, trade with care.

(Sorry my bad english)

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