GOLD (XAUUSD): POTENTIAL LAST LEG DOWN

تم تحديثه
1871 - 1879 might be the death line.

Looking for ABC (5-3-5) completition at 0,618% extension of A-B; if this will fails next stop could be at 1901.

Targets: 1800 and 1740/1725 area.
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Closer view: لقطة
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This is the main idea: لقطة
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this might be a possibile bull scenario in case the (C) is not yet completed: لقطة
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The two possibile scenarios: 1840-38 level to watch: لقطة
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updates: this could be the preferred count لقطة
new levels to watch for shorts are: 1888, 1901, 1906
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updates: لقطة
like i posted this yesterday لقطة we may stay inside a wave 2 of 5 up inside the bigger (C), if this is not completed yet.
Otherwise a break below 1838 would be the continuation down
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So, we are below 1838 and it looks like is making a first series of 5 down in smaller tf. If this is a wave 1 in the upper count, the final targets will be huge in the downside. Lets see what will happens now: لقطة
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preferred count at the moment: لقطة
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Ok guys, if this is the wave 1, this might be the scenario: لقطة
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So, if 1850 will not breaks before of 1800, i think the sequence might be: 1798, 1855, 167xx
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لقطة
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this is a possibile count: لقطة
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لقطة
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So, after days i'm still watching closely this move up that i think is a corrective and not impulsive. So this might be a valid double 3 waves up in conjunction with a bearish BAT Pattern. So, if the price will break the upper TL of the big triangle (the blu line) at 1905, the arrows would be the points of the potential reverse: لقطة
تم إغلاق الصفقة يدويًا
This idea continues here:
GOLD (XAUUSD) - Last leg down, to the ground.
ABCElliott WaveexpandedflatFibonacciGoldshortshortsetup

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