Hello everyone hope you spending a good weekend, If you are familiar with Elliott waves, you know that when the price is in corrective waves, there are several possibilities for price movements, I prepare some scenarios for gold in weekly timeframe(if you have seen our posts you already familiar with two of them) so you can see the bigger picture and could plan your trades. this is our first possibility for further movements. If price could make a new low below 1750.54$ this scenario will be invalidate. You can see the details in the chart, if you have any idea or question about this scenario please share with us in comment. I will provide more Elliott wave count daily if you are interested follow us to receive updates.


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GoldWave AnalysisXAUUSD

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