anilmangal
Short

GOLD is it an ending diagonal?

FX:XAUUSD   Gold / U.S. Dollar
4170 23 183
Gold             looks like it's in an ending diagonal structure which is making the 5th leg down .
I Guess we will see very soon how this plays out .
It's all about how the structure. I was expecting this to develop in a channel (as shown on the pinned chart) but the 4th corrective up move did not go as high as I expected thus changing the structure to an ending diagonal from a wxyxz. The 5th wave down is in progress as was expected maybe one more sell after a correction then the up trend starts.

Follow me if you are interested in getting instant notification when i post trade setup on lower time frame.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
This charts are very nice and clean Anil. Keep up the good work :)
+1 Reply
I promise you a life time without parole. LOL
+7 Reply
Thanks for your analysis
+1 Reply
Thanks
+2 Reply
snapshot

agree,thank u ,anli
+1 Reply
Darenth Darenth
the same as u,hah
+1 Reply
nice ,about time you join us ,:)
+3 Reply
I already ask hime before :)
+1 Reply
nice
+1 Reply
v.good!
+2 Reply
Beautifully put Anil,thank you
+1 Reply
Spot on! as you said.. way back...end of this year beginning of next for turnaround with AusUsd and similarly gold.Thank you
+1 Reply
thanks anil
GOLD ELLIOTTE WAVE
+1 Reply
Published this , 3Days ago. Hopefully we see an overshoot of the Lower Blue line, and rally from here(making this the final flag;) )
GOLD: I SEE A POSSIBLE BEAR FLAG WITHIN A BEAR FLAG
Reply
Agree Anil. Next move up for W-4 then Down For W-5 (CYX)
Reply
that s mean we must buy now? plz help us we are begginer tnx
Reply
Very good chart anil
Reply
I agree with the idea of Ending diagonal. I had 12345 as my alternate counts but now they have got priority as Main counts. Please click the button to update chart
GOLD - Long term Long - Alternate wave Counts
+1 Reply
Totally agree with you, GOLD should retrace back to 1110 - 1120 before heading for a major drop.
+1 Reply
Hi Anil, could you post an update for gold? This consolidation's break would seems nice to me for buying:
XAUUSD LONG
+1 Reply
Nooooo, not another ending diagonal.
Help!!! Anil :)
Reply
this is elliot's wave correct? tried learning the 1-5 ABC pattern but im having trouble knowing what is a wave or not. for example why is the smaller correction wave between 2 & 3 not counted. love the mark ups. keep it up!
Reply
Thank you so much for all your posts! Fantastic help :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out