Thursday 1 August 2019

XAU/USD

This daily view of spot gold XAU/USD is with some tentative Intermediate wave (3) annotation.


If [i] is (3) then (4) should not enter (1) and most often aligns with the end of the lower order 4th wave.

Like all of the charts that I post, this pattern analysis employs the standard version of the Elliott Wave Theory and is intended only to demonstrate my own momentary view within my own application of that theory. 

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