XAUUSD top down Elliott wave analysis D 4H 1H 15m
On daily chart xauusd from top of wave 5 at 1 jun we have made a abc correction, then we have a rally go higher point b that rally can be 1 or something else, and now we look like in a pullback.
For gold continue bullish it can't break low of c and we must have strength show to break current correction
If gold break low of c and previous impulse, then no scenario for buy
Go down to 4h
We don't have any clear count from indicator and don't recognize any pattern by eyes, quite neutral but we in down trend
Go down to 1h
On 1h chart current price action had broken trend line down trend look like it want to test 1800
Go down to 15m
Yesterday is bullish day, when we have a strong impulse, it can be wave 3 if it is 3 then we will have 5, otherwise if c we will have continue bearish trend
For gold continue bullish it can't break low of c and we must have strength show to break current correction
If gold break low of c and previous impulse, then no scenario for buy
Go down to 4h
We don't have any clear count from indicator and don't recognize any pattern by eyes, quite neutral but we in down trend
Go down to 1h
On 1h chart current price action had broken trend line down trend look like it want to test 1800
Go down to 15m
Yesterday is bullish day, when we have a strong impulse, it can be wave 3 if it is 3 then we will have 5, otherwise if c we will have continue bearish trend
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