We haven't had any significant changes since the last update. Projections are consistent.
The trend is STRONGLY BEARISH.
I believe in XAUUSD at 1500.00 - 1400.00.
We are living in historic moments in the market, so don't fight the trend. Don't fight the system. The best strategy is to wait for price at key levels (inflection points) to add positions following the macro trend (the path of least resistance).
The market is extremely volatile and gaps can be filled.
The best entries for a continuation move are the BOS (inflection points).
BOS (1720.00 - 1740.00) is the best level to add short positions.
The intermediate levels (supply zones 1640.00 - 1690.00) are great levels to add short positions following the macro trend.
Control your risk.
The Elliott Wave Principle is exactly that, a principle, but it does endeavor to place the overall market move as well as the short-term wave structure into an order. The application of the Principle is not infallible, but when it's applied correctly it is overpowering in its market interpretation as well as its success.
It is not investment advice. We accept no responsibility for any loss direct or consequential arising from any use of this plan.
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