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Elliotwaveofgold

XAUUSD: Potential expanding/running flat suggests long entryIn the past couple of sessions, price dipped from $1514 to $1450 and is now suggesting either a regular or expanding flat (this is confirmed by price pushing below the previous low). At current levels, price is now forming an ending diagonal sequence this usually indicates reversal. We also have divergence on the RSI to support the ending diagonal reversal. However, a long entry has not yet been confirmed. It is therefore important to wait for confirmation.
FX_IDC:XAUUSDLong
by UnknownUnicorn5158708
Gold Wave CountHi to Every one :::: !!!! On Monthly Chart We in Correction ABC Where A is Complete We are in middle of B Wave of Correction at moment B = ABC Where Sub wave A is Complete and We are Positioning ourselves in B at this moment Division of sub Wave B is below ::: B = ABC ( mini waves ) Where A and B are Complete Now we are left with last mini wave C Of Sub wave B Mini wave C unfortunately is in complex formation of ABC as well. A = ABC Complete already B = ABC Complete already C = ABC in Progress Right now Where A = 12345 complete where B = ABC Complete ( It was too small , I could hardly identified it ) Now C = Last part = 12345 1 and 2 complete 3 in Progress = Down sell = 12345 = Will end up till 1110 / 1105 4 to finish and 5 still to come 4 = ABC = Up = will Retrace 50 % of 3 5 = Down Sell = 12345 = Will End Up 1080 area
FX_IDC:XAUUSDShort
by Elliot_Wave_Reloaded