XAUUSD H1 Wave C Up.

1 Des 2019

H1 I'm looking at the possibility of a simple ABC correction with an expanding flat in wave B and the C up to complete the structure before we get the larger C down. Wait for a bull flag to buy, something like that pictured. I'm expecting a 5 wave motive phase to the upside to finish off the H4 B wave. Pic is just for illustration purposes, use price action or indicators to determine end of wave's.

H4 Complex Correction Idea, Check it out!

D1 Wave Z Up idea, Check it out!

W1 Long And Short Term Outlook idea, check it out to get the complete picture!

If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!

Thank's to all the traders in advance that hit the thumbs for your support!

2 Des 2019

Catatan

We didn't get a bull flag like I was looking for so there is no flag trade to be had. I will watch price action and see what we may get next and update this idea.

2 Des 2019

Catatan

If we get a bear flag something like this you could take the sell.

2 Des 2019

Catatan

Gold usually plays pretty nicely but it hasn't in this idea. If you got the bear flag trade as per my last update all good, at worst you would have got BE. Now we might get the bull flag, I will only scalp the buy as the original idea structure has changed but this is looking like nice bull flag if get the solid break.
M15 Chart.

3 Des 2019

Catatan

Ok so we got a nice impulse up I was looking for and you defiantly should be at BE on it. In this idea you had a good opportunity for a sell and the buy!
tradingview.com/chart/GGuFXr1Z/

3 Des 2019

Catatan

5 Des 2019

Catatan

I can't rule out one more higher high but we are getting a bear flag, It maybe worth giving it a go and getting it to BE in case we get the H4 wave C down from here.
H1 Chart.