Hello everyone, Today gold passed through support zone at 1747-1750$ and closed a daily candle below it, this could give more credit to alternative scenario. I updated the alternative scenario chart in H4 timeframe, price moved lower to make wave (iii). As you may noticed there are two invalidation points for this scenario, The first invalidation occurs at 1761$ and fully invalidation occurs at 1787$. 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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📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
