XAUUSD TRENDLINE VIOLATION...YEAR 2016 SUPPORT UNDER ATTACK

XAUUSD is in trouble. I believe this trend line violation starts the retest of the 2016 support, which will fail. I adhere to Elliot Wave Theory. I believe we started the C Wave in July 2016 and starts the C fractal of Wave C late February 2017. Today's trend line violation ended the retest/confirmation of fractal C resistance.

تعليق:

Former trend line support has become current resistance.

تعليق:

Bearish engulfing candlestick