Q4 UPDATE - XAUUSD Elliott Wave Forecast

2020年11月22日

Evening all,

A quick update on Gold and the fourth wave is still in progress. As mentioned in the linked idea, I'm expecting the corrective sequence to continue into December and print a new quarterly low with the Horizontal support level at 1800-1765 providing some confluence.

I will be looking to take swing positions once this low is in as we are likely to get a sideways correctional C wave to a lesser degree before an impulse into the fifth.

Will provide further counts and price levels once we're into the final wave of this leg. You're most welcome to follow for further updates.

Happy trading,
Beyond Edge

Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.

Do not trade or speculate based solely on the information provided. Trust your own analysis.


Beyond Edge