Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minutte wave (iii) ended at 1279.75, Minutte wave (iv) ended at 1271.69 and Minutte wave (v) of (a) ended at yesterday’s peak 1295.6. Below from there metal has started the Minutte wave (b) pullback to correct 4/10 (1246.9) cycle and that could be done already in 3 swings at earlier low 1281, where Sub minutte wave a ended at 1285.6 and Sub minutte wave b ended at 1292.6. However metal needs to break 1295.6 peak first for final confirmation of next leg higher started, If it fails to rally from here then Double correction from the peak within the Minutte wave (b) pullback can’t be ruled out yet before the rally resume, where we would like to be buyer’s again. Now as far as trading above earlier low 1281 and more importantly as far as pivot from 4/10 low remains intact metal has scope to resume the upside. We don’t like selling the metal into the pullbacks & favors the upside in metal as far as pivot from 4/10 low remains intact.
FWP Network > Forexhound.com > Analysis > Commodities Analysis > Metals > Gold Elliott Wave View: Pullback completed
Gold Elliott Wave View: Pullback completed
By Elliottwave-Forecast.com ()
·
April 18, 2017
·
Comments Off on Gold Elliott Wave View: Pullback completed
Metals · Elliott Wave Analysis, ElliottWave, GC_F, gold, XAUUSD
Metals · Elliott Wave Analysis, ElliottWave, GC_F, gold, XAUUSD

-
USDCAD Looks Bullish Long-Term! – Elliott wave (video)
January 16, 2020 · Comments Off on USDCAD Looks Bullish Long-Term! – Elliott wave (video) -
Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day
June 9, 2019 · Comments Off on Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day -
EURUSD : Sell Trade Setup
May 8, 2019 · Comments Off on EURUSD : Sell Trade Setup -
Elliott Wave View Expecting AUDJPY to Extend Lower
May 7, 2019 · Comments Off on Elliott Wave View Expecting AUDJPY to Extend Lower -
Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
April 16, 2019 · Comments Off on Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume