Wednesday, March 21, 2007

XAU/USD Intraday

Gold followed silver for a new monthly (March) high. The top to bottom chart is annotated with Fibonacci levels and the uptrend channel. All action options are open but the action will be dependent on options...

The current short term chart pattern is a perfect example of the limitation in Elliott wave analysis: Is it (A-B-C) uptrend pattern or a five wave pattern?

XAU/USD Intraday ( 120 min) Chart

xauusd intraday

1 comment:

Anonymous said...

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