purplestork

GOLD 7 feb 2020 Elliot wave + volume

Short
purplestork Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I used Elliot wave analysis combine with volume analysis based on candlestick pattern.
Suspecting price currently in progress of forming flag pattern.
I will wait for confirmation by using decreasing volume candlestick pattern and rejection of volume before entering the trade.
Comment:
SL - 1830
TP - 1782.50
Comment:
if hit SL we are going to sell at the next zone 1840.0 , TP1 around 1808
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