Elliottician_SamRoy
Long

GOLD - Long term Long - Alternate wave Counts

FX_IDC:XAUUSD   GOLD / US DOLLAR
End of wave-4 or just wave-A of wave-4 at exact 50% fib retracement of wave-3.
Check Main wave counts here:
GOLD - End of wave-4, Long term Long
Comment: Look how nicely GOLD has followed the road-map we predicted a year ago using only and only the Elliott Wave Principle.
Happy trades.. :)
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Comment:
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Comment: Current position of Gold (circled area) is correction-inside-correction-inside-correction scenario and nothing really to trade here as of now. Black wave-B could form any corrective pattern as zigzag, flat, triangle or even a combination so I really dont wanna touch Gold until this corrective wave-B (black) ends. Anyway, whatever corrective pattern wave-B (black) ends up forming, its first wave-A or W is done and second wave-B or X is underway or completed already and obviously third wave-C or Y is gonna be bullish. I am standing aside in case of Gold because its current price action can chop my account easily and repeatedly.
Good luck

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You are great! According to your analysis, what comes after that? Gold heading even higher after that?
Reply
Elliottician_SamRoy bullsbabybulls
@bullsbabybulls, Thanks bbb.
Current position of Gold (circled area) is correction-inside-correction-inside-correction scenario and nothing really to trade here as of now. Black wave-B could form any corrective pattern as zigzag, flat, triangle or even a combination so I really dont wanna touch Gold until this corrective wave-B (black) ends. Anyway, whatever corrective pattern wave-B (black) ends up forming, its first wave-A or W is done and second wave-B or X is underway or completed already and obviously third wave-C or Y is gonna be bullish. I am standing aside in case of Gold because its current price action can chop my account easily and repeatedly.
Good luck

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Reply
bullsbabybulls Elliottician_SamRoy
@Elliottician_SamRoy, thanks a lot!
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Elliottician_SamRoy bullsbabybulls
@bullsbabybulls, you are welcome
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These wave counts have more probability of materializing. This has become Main counts now as the ending diagonal on ex-main counts doesnt have the "right look".
GOLD - Long term Long - Alternate wave Counts
Reply
Elliottician_SamRoy Elliottician_SamRoy
Click on Play button to see the right look of ending diagonal
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