#XAUUSD
Elliott analysis of gold in 4 hours time, and according to the funds that arrived from the war, the intensity of the upward movement increased.
Personally, I was waiting for the trigger buy since 1830, which gave and took the trigger, but I really did not expect such intensity.
I think gold has entered the 3rd wave of a long-term kinetic trend, and we are probably now in the 1st wave.
The big wave one of this route is terminal and with the complex correction of three doubles it reached 50% of the previous wave and now it has simultaneously reached the midline of the channel and 38% of the expansion of wave 1, 3, 4, which is due to the very high elongation in wave three. I think this is the range of gold entering wave 2 correction, which can correct up to the 50% range, which is the high demand area, and in that range we can wait for another trigger for buying.
This analysis will be updated in the coming weeks.
Thanks.
Elliott analysis of gold in 4 hours time, and according to the funds that arrived from the war, the intensity of the upward movement increased.
Personally, I was waiting for the trigger buy since 1830, which gave and took the trigger, but I really did not expect such intensity.
I think gold has entered the 3rd wave of a long-term kinetic trend, and we are probably now in the 1st wave.
The big wave one of this route is terminal and with the complex correction of three doubles it reached 50% of the previous wave and now it has simultaneously reached the midline of the channel and 38% of the expansion of wave 1, 3, 4, which is due to the very high elongation in wave three. I think this is the range of gold entering wave 2 correction, which can correct up to the 50% range, which is the high demand area, and in that range we can wait for another trigger for buying.
This analysis will be updated in the coming weeks.
Thanks.