Gold Spot / U.S. Dollar
Short
Updated

XAUUSD // ELLIOT // 1H - SHORT

468
Hello everyone,

The price is increased @around 1970 level as we predicted in our latest analyze.

I assume that the 5. wave was completed and predicting a correction wave.

Two possible correction scenarios are as indicated on chart
Note
My target price is ~1945.
Trade active
** 5. wave may be reach up to till 1980 level due to Actual Retail Sales are very low today according to forecast.

** My trading plan is stepped short positions till 1980.

** Target TP1 is : @ 1960
** Target TP2 is : @ 1945

That is not investment advise!!

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