Trading XAUUSD Intraday long. We expect the next wave. The exchange rate is textbook corrected. The size of the back correction is the last falling wave. So we expect another rising wave, the size of which is the same as before. If this occurs, the next target price is 1290 USD.
Have the exact same thing. Bottom that has gone was the 5th wave down. ABC correction now happening imv.
meszaros
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@Sierra117_Jon, Thank you for your comment. I suppose you've analyzed Elliot's wave theory. You're right. Like I do, though my theories are based on fractal waves and normal structural waves. Nevertheless, the result is very similar to the Elliot wave strategy.
Sierra117_Jon
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@meszaros, Good stuff amigo. Hold gold for gold :-)