Gold Spot / U.S. Dollar
Short
Updated

08272018 Shorting Gold - Harmonic Elliott Wave Candlestick

693
(1) Series of Motive Waves have now completed. We see strong reversal candle pattern has formed from major resistance level .

(2) 1st TP is as usual as regular harmonic . - 2nd TP, upon breaking major trend line , we are going for Butterfly PRZ

(3) Also refer to DXY 0.12% on its currrent chart (tradingview.com/chart/DXY/2RDVcxYn-08272018-DXY-Price-Action-Analysis-Short-term/) as it has shown strength at trend upcurve.
Note
First target reached

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