Gold Spot / U.S. DollarUpdated [EW] XAUUSD (GOLD) correction incomplete.
The correction beginning the August 7th 2020 high is nearly complete. I believe it was a running flat, and the final downwards impulse is in wave iv, awaiting a final wave (v).
The target for wave iv is approximately 1775 (61.8% of wave iii), where it should terminate and then the next target is 1617 for wave (v), which is 61.8% of the previous run.
Plenty of other Elliott Wave practitioners have the current downtrend labelled as a high degree wave 4, which means after the movements described we'll be in a high degree bullrun! Hopefully wave 5 lasts a while.
NFA, DYOR
The target for wave iv is approximately 1775 (61.8% of wave iii), where it should terminate and then the next target is 1617 for wave (v), which is 61.8% of the previous run.
Plenty of other Elliott Wave practitioners have the current downtrend labelled as a high degree wave 4, which means after the movements described we'll be in a high degree bullrun! Hopefully wave 5 lasts a while.
NFA, DYOR
Note
Correction, 1617 is 50% of previous run.
elliott waves, asx, crypto, forex, making it.
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.
elliott waves, asx, crypto, forex, making it.
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.