XAUUSD Short Idea - Elliot Wave Structure
After Gold having a long bullish run, we see that it made a strong bearish impulse, followed by a retracement to the 61.8% fibonacci level.
We're looking at another bearish impulse at least to the 0% level, and this will complete an ABC retracement from the bullish run.
We're looking at another bearish impulse at least to the 0% level, and this will complete an ABC retracement from the bullish run.
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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.