EPPS

XAUUSD - Updated - Price still following the Elliot ABC Ret wave

FX:XAUUSD   Gold Spot / U.S. Dollar
54 0 0
Just an update on where we are.
I added the red Elliott ABC retraction wave to accomodate the new path and left the old purple one to show where we started. This is the first time mapping out a elliott wave so i am expecting to improve the predicting of turnpoints each time. (well maybe not predicting but mapping out historical averages of them)
Still its following the plan perfectly. The curve downward to point C is nice and parabolic so near its end.
If the ABC is not followed by a 3 and 4 cycle wave down (and opening the path for a new downward elliott wave but shoots up, we are in for some good times as it will mean we have started a new upward Elliot Wave Cycle.

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out