olajide11
Short

GOLD CHANNEL WAVE COUNT to (1050)

FX:XAUUSD   Gold/U.S. Dollar
1577 7 23
Trade the wave to 1050

Channel
The channel waves contains wave five. To draw the channel waves, simply connect the extremes of wave one and wave two with a trend line. Take a parallel of this line, and place it on the extreme of wave three. price action that stays within one price channel is often corrective.
In a nutshell, wave (v) in advance prices need to break out of the base channel to confirm the upward trend. Movement below wave (i) of the acceleration channel confirms that wave four is over, and penetration of the bearish acceleration confirm signals that wave five is under way.

fibonaccically 161.8% is the next target of wave (v)
Jamil Ahmed
2 years ago
very nice chart
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MarciaJohnson
2 years ago
Thanks for sharing
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RajulalGurjar
2 years ago
very very nice view in chart
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RajulalGurjar
2 years ago
plz sir i want your mobile no. for query of commditiy . I am commoditiy trader. my mo.no. 09928633212
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Hey, I did have a similar idea on Gold into that 1050 area also looking at the long side as a possibility in the short term. Nice work!
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great chart Thanks .
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olajide11
2 years ago
@rajulalGurjar here is my mobile.....+2348038572931
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