XAUUSD Short sell, Long Buy

1 Jun 2019

XAUUSD

Looking at gold i do believe we are in an Eliot Wave. So i am looking for an over all buy but might try to catch pips on the pull back which is an opportune time to get in to ride this wave up. Keep in mind i am still learning so in no way, shape, or form am i telling you to enter this trade. This is just my view,

I used Fibonacci estimate about where the pullback might would land around. To draw Fib Retracement start from the Higher Low and drag to the Higher High. I usually ignore the 23.6 retracement and look for the 38.2 and 50 retracement levels.

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