XAU and XAG in Forex


XAGUSD: Option 1 is my operative micro count - and it seems to be following nicely through the scenario presented earlier. Over 24.28 internal impulsive count in presumable circle a-wave remains fully intact.

XAUUSD at the key resistance. Direct break through the 1832 region would put it into the 3rd wave (wave degree - according to the respective chart). Immediate pullback below 1818 would be a sign of the 2nd wave price action.

XAU= - Option 2 Micro - Sep-03 1246 PM (4 hour)
XAU= - Option 2 Micro - Sep-03 1246 PM (4 hour)
XAU= - Option 1 Micro - Sep-03 1246 PM (4 hour)
XAU= - Option 1 Micro - Sep-03 1246 PM (4 hour)
XAG= - Option 1 Micro - Sep-03 1244 PM (4 hour)
XAG= - Option 1 Micro - Sep-03 1244 PM (4 hour)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.