Gold Spot / U.S. Dollar
Updated

XAUUSD 4H - Elliott waves analysis

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We are in E -> F wave, which means break out from 1300$ and then short term move down (F ->G) to 0.5 fibo.

At this exact moment (24.08.07) we are in sideway move, which fits February pattern (17th-23rd 02.07).

New plot is continuation of previous work, that was active for two months.

Please check:

XAUUSD 1D


Note
*I meat '17 not 07 ;)
Note
*meant
Trade active
Order cancelled
It was a good idea but E -> F move was to short on my plot.
While G and H levels very very well spotted.

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