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elliottwavegreen

Gold continues sideways behavior in a triangle

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
elliottwavegreen Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Elliott Wave goldtrading goldlong goldintraday elliotwaveanalysis
4
0
elliottwaves goldtrading goldlong goldintraday elliotwaveanalysis
Gold continues sideways behavior in a triangle. Gold is completing a combination correction, wave (a) is a double zigzag , wave (b) is an expanded flat and wave (c) is going to be a triangle with two sub waves to go. The price extreme has occurred at 1187 , a price below the support of 1187 would tell that my labeling is wrong. Happy trading.
Comment:
Gold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal, please adjust your trade accordingly.
Trade closed manually
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