Gold/XAUUSD Elliott Wave Count
I believe we are currently on wave 2 (blue) of an overall diagonal.
- The initial Wave A retracement was a zigzag (Green).
- Now, I believe we are looking at a triangle forming as Wave B. This satisfies the rule of alternation.
INVALID: if price falls below 1903.5, surpassing Wave A (orange)
- The initial Wave A retracement was a zigzag (Green).
- Now, I believe we are looking at a triangle forming as Wave B. This satisfies the rule of alternation.
INVALID: if price falls below 1903.5, surpassing Wave A (orange)
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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.