XAUUSD Update
Another week another post that the gold is short despite it is melting up on a Russian-Ukraine war hype.
Yes, the triangle scenario is getting extremely challenged. I even allow a scenario where the triangle is broken and I have to relabel it in some other bearish way. Tradingwise, I am very close to the point where I give up with my shorts to step outside and watch whatever happens next be it a melt up or forming the local top which will allow me to re-enter. If it melts up - perhaps I will miss that move.
I will elaborate more using my blog / website referring to Silver charts for confirmation.
Yes, the triangle scenario is getting extremely challenged. I even allow a scenario where the triangle is broken and I have to relabel it in some other bearish way. Tradingwise, I am very close to the point where I give up with my shorts to step outside and watch whatever happens next be it a melt up or forming the local top which will allow me to re-enter. If it melts up - perhaps I will miss that move.
I will elaborate more using my blog / website referring to Silver charts for confirmation.
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts
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