FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

A bottom line was reached into the year 2015 and 50% fibo and price level 1047 after that, the price began to form an ascending triangle during two years until the completion of fifth Elliott- subwave and until the price achieved its bullish break and its impulsive wave of correction in the form of wave B.

The triangle TR projection has been reached, executing a false bullish break with a large bearish fall close to the support of the target of said triangle.

I see a searching for the price level 1790-1800 as very possible in the coming weeks, this level being more than likely resistance that will probably not be overcome immediately, yes, once overcome and converted into support, I consider that the price will go to look for his cycle ceiling at level 1918, fibo extension 361.8% and wave B completion.


if you liked the analysis do not forget to leave a like, the likes motivate us to continue making free technical analyzes in an altruistic way. Thanks!
Comment: My Telegram-channel delivering trades signals:

Comment: Os invito a que conozcáis nuestro canal de telegram donde ofrecemos señales de trading y tabla de excel en tiempo real y de forma gratuita, también se puede consultar la rentabilidad de todas nuestras señales de trading lanzadas en el canal y tenemos un foro de debate muy interesante sobre la visión del mercado.

Telegram: Señales, trading y ganancias


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out