Get started
InsideMarket

GOLD/DOLLAR - Potential hourly ending diagonal.

Gold Spot / U.S. Dollar (FX:XAUUSD)  
InsideMarket Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold dollar XAUUSD Elliott Wave insidemarket Daily Charts 4h 240min 1h 60min
14
0
gold dollar xauusd elliottwaves insidemarket daily 4h 240min 1h 60min
The last fifth wave of daily/weekly zigzag correction (reactionary upmove) can get complex, which is fair enough based on exhaustion of the daily uptrend and the expectation of a great bearish movement on weekly basis.

Happy trading!
Comment:
Not the expected ED, but an impulse.
Right now I assume the last "C" wave of the weekly zigzag is completed. Nevertheless, the price is far away from the daily support, which means that an alternative wave count could take place.

snapshot

Good luck

Related Ideas

InsideMarket
XAUUSD - Five-waves down as first sign of daily reversal.
InsideMarket
GOLD/DOLLAR - Daily correction on hourly basis.
InsideMarket
GOLD/DOLLAR - ZigZag idea on weekly basis.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.