After completing wave (A) price has started forming an ABC correction. The move from A to B is developing inside a rising channel and if wave (B) reaches the upper trendline wave (C) could present a strong selling opportunity. As Elliott Wave traders, patience is just as important as timing, and right now the structure is telling an interesting story.
🧑💻 XAUUSD Analysis
After completing wave (A) price has started forming an ABC correction. The move from A to B is developing inside a rising channel and if wave (B) reaches the upper trendline wave (C) could present a strong selling opportunity. As Elliott Wave traders, patience is just as important as timing, and right now the structure is telling an interesting story.
After completing wave (A) price has started forming an ABC correction. The move from A to B is developing inside a rising channel and if wave (B) reaches the upper trendline wave (C) could present a strong selling opportunity. As Elliott Wave traders, patience is just as important as timing, and right now the structure is telling an interesting story.
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1August 7, 2026 5.5K 16
