forextidings

Gold Spot (XAU/USD) -ABC correction of the Elliot wave

Short
forextidings Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The uptrend of XAU/USD has made a bullish Elliott Wave. In the fifth wave, there is a diagonal, and ABC correction is remaining.

It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936.

If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
Trade closed: target reached
Comment:

Disclaimer

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.