Gold updated count Wave 3 still continuing (Elliott Wave Analysis) 20th June 2017


The previously mentioned invalidation mark has been touched hence I exited my position and took another look as to what might be going on this Gold(XAU USD) chart.

It seems that the double bracketed Wave 3 is still going down which only means that this correction will continue down a little longer then previously expected.
It can see the 1232 levels which is the 78.6% retracement of the previous swing up.

 

Gold the Wave C down continues (Elliott Wave Analysis) 20th June 2017

Gold the Wave C down continues (Elliott Wave Analysis) 20th June 2017

I will update further as this market progresses.

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