fx_iranian_traders

Elliott Wave count for Gold (alternative scenario)

FXOPEN:XAUUSD   Oro / Dollaro
Hello everyone, Today price reached to the first invalidation point of alternative scenario but it's not fully invalidate, After seeing upward movements today I prepared another alternative scenario in H4 timeframe that I would like to share with you. For long time 1763$ level was a support and lately price broke through it and now it has become a resistance level. In my opinion, as long as the price is below this level, our alternative scenario has a high probability of occurrence, Lets see price can pass this level and trend line or not?! You can see the details in the chart, If you have any idea or question about this scenario please share with us in comment. I will provide more Elliott wave count daily if you are interested follow us to receive updates.


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