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XAUUSD/Gold Elliott Wave Count
Gold Spot / U.S. Dollar
Short
XAUUSD/Gold Elliott Wave Count
By Omegadear27
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Sep 4, 2023
1
Sep 4, 2023
I am confident that
we are just on the retracing Wave 2 of the falling diagonal.
If price retraces bullish, past Wave B (Black), then the count becomes
invalid
.
The same rules apply if price falls bearish too far, past our previous Wave 2 (Red). The count becomes
invalid
.
I am still working on a lower time frame count for the retracing Wave 2 (Blue)
Elliott Wave
Trend Analysis
Wave Analysis
Omegadear27
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