#XAUUSD Elliott Wave Analysis
In our last update, we showed you the Wave (4) rejection right at the 0.618 Fib on the 4H chart. Now, let's zoom in and look closer at the 1-hour timeframe.
#XAUUSD
In our last update, we showed you the Wave (4) rejection right at the 0.618 Fib on the 4H chart. Now, let's zoom in and look closer at the 1-hour timeframe.
As you can see, the moment #XAUUSD corrected first minor correction perfectly, the bears took absolute control. The momentum is shifting exactly as planned.
Planning is everything in trading; With proper planning, you will always be one step ahead.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Elliott Wave analysis involves subjective interpretation. Always do your own research and manage your risk accordingly.
Get Full Coverage for All 27 Instruments
Premium members receive daily wave counts with entry zones, targets and invalidation levels. Plus scorecard tracking for every published analysis.
View Premium Plans
