Gold/XAUUSD Elliott Wave Count
I believe we are currently on wave 2 (blue) of an overall diagonal.
- The initial Wave A retracement was a zigzag (Green).
- Now, I believe we are looking at a triangle forming as Wave B. This satisfies the rule of alternation.
INVALID: if price falls below 1903.5, surpassing Wave A (orange)
- The initial Wave A retracement was a zigzag (Green).
- Now, I believe we are looking at a triangle forming as Wave B. This satisfies the rule of alternation.
INVALID: if price falls below 1903.5, surpassing Wave A (orange)
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