Technical Analysis: Gold XAU/USD

(Video length 00:16:25)

  • Gold XAU/USD & Silver XAG/USD Technical Analysis Elliott Wave Forecast
  • Overview: The bullish Elliott wave count is dominating the bearish scenario. We still need the trade set up for gold and silver. Once we have that set up triggered we can also start moving into gold stocks.
  • Elliott Wave Gold: Wave Wave iv of (i) of iii)
  • Gold Trading Strategy: Trade Setups - See video

 

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Mar1kle 4 weeks ago Member's comment

How low do we go before the recent uptrend is seen as a ABC correction and not the main trend? And would you have to revisit the latest downtrend that you viewed as a ABC correction? Seems like you can see either an ABC pattern or a five wave pattern in the downtrend from 8-13 April that you view as corrective. Seems to me that until we break 1760 April 8th high we are not sure which way we are going in the short term.