First of all I counted the
XAUUSD chart in eliot waves
https://www.tradingview.com/x/aAYkP5yp/
as we see now we're in the middle of little wave 5 of the big wave 3 , so we would hold our BUY position till we'll have higher High in this pair.
Targets are mentioned in this picture but we have 2 scenarios for this :
1. it might have decreased to the below support line then increased to the target
2. it might haven't had any decreased and then had trend to the way of 1342.
https://www.tradingview.com/x/aAYkP5yp/
as we see now we're in the middle of little wave 5 of the big wave 3 , so we would hold our BUY position till we'll have higher High in this pair.
Targets are mentioned in this picture but we have 2 scenarios for this :
1. it might have decreased to the below support line then increased to the target
2. it might haven't had any decreased and then had trend to the way of 1342.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.