Gold Elliott wave analysis for week starting 24.08.2020

I personally don't think the price can go bellow 1861 as RSI shows a big resistance level there
we are at wave 4 correction so I am expecting a triangle or a flat correction
I am not gonna trade this until I see a clear signal

Commentaire:

wait until we see a clear correction structure for wave 4, usually a flat or triangle
I will only buy if I see a clear confirmation, the correction is still unfolding

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Commentaire:

Still not sure about the wave 4 correction structure. I am gonna wait more

Trade fermée manuellement