l.pro

Triangle corection

FX:XAUUSD   Gold / U.S. Dollar
161 0 8
Triangle pattern still in play. Evidence grow as bulls failed to make a new high above 1253 today, that would invalidate this count.

We probably made A of circled E down and started corrective B of circled E that I expect to develop the whole NYC session today, with PA squeezed between MA50 & MA200. Final low of circled E expected by 6 a.m. EST tomorrow.

I expect wave 5 to develop in 5 waves:
- Wave 1 (1220 - 1252): 1252 is multi week resistance, upper border of triangle as support for Wave 2;
- Wave 3 (1240 to 1298): 3=1.618 of 1, multi week resistance at 1280 as support for Wave 4;
- Wave 5, (1315): 5=1, above high of 1307 of preceding ending diagonal .
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out