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The article covers the following topics:
Main meals
- The main scenario: Consider short positions of corrections less than 3167.80 with 2830.61 – 2574.07. Selling signal: The 3167.80 level is broken to the downside. Stop loss: above 3185, take profits: 2830.61 – 2574.07.
- An alternative scenario: The penetration and unification will allow the level of 3167.80 to the original to continue to rise to 3300.00 – 3500.00 levels. Buy signal: 3167.80 level is broken to the upward trend. Loss: less than 3150.00, take profits: 3300.00 – 3500.00.
The main scenario
Consider short positions of corrections less than 3167.80 with 2830.61 – 2574.07.
Alternative
The penetration and unification above the level of 3167.80 will allow the husband to continue to rise to 3300.00 – 3500.00 levels.
analysis
The fifth -degree emerging (5) rising wave is supposed to develop on the weekly graph, with the formation of the wave 3 of (5) as part. It seems that the third third -class wave of 3 has been formed on the daily chart, with the completion of the III wave as part. On the H4 timeline, a decreased correction is supposed to have begun to develop in the form of the fourth fourth wave of 3, where the wave (A) is revealed by IV. If the assumption is correct, Xau/USD The husband will continue to decrease to 2830.61 levels – 2574.07. The level of 3167.80 is very important in this scenario, as the husband will be able to continue to rise to 3300.00 – 3500.00 levels.
This expectation depends on Elliot wave theory. When developing trading strategies, it is necessary to consider the basic factors, as the market situation can change at any time.
Xauusd price scheme in real time mode
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