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Xau_usd

I got my bet on a short for Gold (XAU). Gold has been in a uptrend since March, however I see the cup is about to tip over. Even though this hard commodity is the go to for many investors I’m predicting the price to fall drastically once everyone see how strong United States will stand against the last leg of the elections and hopefully the more business savvy candidate comes out on top. The USD will surely tank depending on how November 3 goes. I hope y’all have those pending orders ready.
FX:XAUUSDShort
by HeyWhit
XAU/USD Gold going DOWN until June 2023B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly. Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork from original to schiff. As we know, price will at least tap the median line 80% of the time. This also coincides with a 50% fibonacci extension of A at $1265, the golden pocket 0.618-0.65 retrace of B at $1297-$1276. I know triangles are supposed to have 3-3-3-3-3 structure, but is it possible this forms a symmetrical triangle and we don't get a breakout until the latter half of the decade? I struggle with labeling and couldn't put a count on it but to me the first leg down looks like wxyxz. It looks like the initial move down from ATH could never be considered a 3 wave structure. Can someone share their count? This is not financial advice and please do your own research.
OANDA:XAUUSDShort
by Drunkmonk
1