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InsideMarket

GOLD/DOLLAR - Daily correction on hourly basis.

Or / Dollar Américain (FX:XAUUSD)  
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FX:XAUUSD   Or / Dollar Américain
XAUUSD Gold dollar insidemarket Elliott Wave Weekly Charts Daily Charts 4h 240min intraday
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xauusd gold dollar insidemarket elliottwaves weekly daily 4h 240min intraday
Accordingly to the wave count the fifth wave of the daily uptrend (five waves up) made its peak and price action suggest the begining of the correction on hourly. This whole dynamic is the second wave on weekly basis (see RELATED IDEAS) and it is expected a Zigzag movement on daily chart.
Commentaire:
Price retraced 61,8%.
I'm expecting a flat ABC because of the sharp zigzag.

snapshot

Idées en relation

InsideMarket
XAUUSD - Five-waves down as first sign of daily reversal.
InsideMarket
GOLD/DOLLAR - Potential hourly ending diagonal.
InsideMarket
AUDUSD - The ultimate wave count for Aussie.
InsideMarket
EURUSD - Sell setup on hourly correction.
InsideMarket
GOLD/DOLLAR - ZigZag idea on weekly basis.
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