trade_sniper
Short

Short term Elliot wave count

FX:XAUUSD   Gold / U.S. Dollar
305 0 0
Looks to me like we may have had a wave 3 of some degree completed and are in wave 4 to the upside. I see several factors that may see price turn around and enter wave 5 at around 1335:

1. This is 0.382 Fibonacci retracement of wave 3
2. At this price, wave c would equal wave a
3. If this price were reached in the next 24 hours, the lower trend line of the previous channel may provide some resistance

I'll set a pending order below the low of wave b at 1326, but will be looking for a higher entry around 1335. Initial target around $1300.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out