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actualAntelope54790

2024-06-19 XAUUSD Bearish Case: Wave 2 Horizontal then Down

Short
Gold Spot / U.S. Dollar (FXOPEN:XAUUSD)  
actualAntelope54790  
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Elliott Wave
6
0
elliottwaves
- Wave 2 smaller degree is getting extended similar to previous correction
- If price breaks previous swing lows impulsively, we can expect lower prices.
- The risk reward is quite nice from here. Invalidation and stop loss is at 2388
- Move to the downside is supported by the fundamentals: Russia-Ukraine peace talks and stronger dollar
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