XAUUSD, 1hr timeframe, Elliott wave 3rd wave analysis

Hello my friend,

i am going to share my view on XAUUSD again this time.

Previously i make a sell call on XAUUSD based on wave analysis of Elliott Wave. Price nearly hit my SL before reversing into TP 3 and i managed to banked nice profits from it.

We are curently on the 3rd wave of downward movement and price already passing through some strong support.

I am selling XAUUSD from 1975 as per this writing

Sell XAUUSD 1975
Stop loss 1990
Take profit 1953

RR ratio 1 : 1,6
Good Luck