GOLD/XAUUSD weekly
Updated
[If we consider that inverted flag.
In my opinion, the price should see 1945 and 1946 (a sign of caution). and move down until that tick.] Related to the small timeframe of 5 minutes or under 4 hours.
And to touch the heart-shaped point, pull yourself up to 1965 or 70.
And ready to make a bigger corrective move towards that small green circle.
At higher times, there is a corrective flat wave if my wave count is correct.
It can indicate the price movement to complete the last wave of the three-wave corrective wave (C).
According to the data, it can touch the price below 1900 for the movement of its Super Millenium wave, which is the completion of the 4th rising wave. which can be next year, of course anything is possible.
Macroeconomic data should be followed to get a general view of how prices move.
Anyway, in the 4-hour and daily timeframes, you can find missing waves or X in the chart to organize your trades more reliably. Also, 5 and 1 minutes
My way of trading is in small time frames with high volume and in the amount of several candles.
And just to be in the know, I will analyze the general trend of the market in a small period of time.
And I don't spend my time on long-term analysis.
Because we benefit from price fluctuations. And we are not buyers of goods or shares or currency of countries.
Disclaimer; This is not a buy or sell signal. This is my personal analysis.
In my opinion, the price should see 1945 and 1946 (a sign of caution). and move down until that tick.] Related to the small timeframe of 5 minutes or under 4 hours.
And to touch the heart-shaped point, pull yourself up to 1965 or 70.
And ready to make a bigger corrective move towards that small green circle.
At higher times, there is a corrective flat wave if my wave count is correct.
It can indicate the price movement to complete the last wave of the three-wave corrective wave (C).
According to the data, it can touch the price below 1900 for the movement of its Super Millenium wave, which is the completion of the 4th rising wave. which can be next year, of course anything is possible.
Macroeconomic data should be followed to get a general view of how prices move.
Anyway, in the 4-hour and daily timeframes, you can find missing waves or X in the chart to organize your trades more reliably. Also, 5 and 1 minutes
My way of trading is in small time frames with high volume and in the amount of several candles.
And just to be in the know, I will analyze the general trend of the market in a small period of time.
And I don't spend my time on long-term analysis.
Because we benefit from price fluctuations. And we are not buyers of goods or shares or currency of countries.
Disclaimer; This is not a buy or sell signal. This is my personal analysis.
Note
I would really like others to share in my profit from the forex market. It means that they can use my analysis.But considering that I have not received any feedback so far.
I stopped doing this.
And I continue to generate income for myself and my partners.
I will avoid giving my information publicly.
I am grateful to those who helped me during this time.
Be profitable and healthy.
Disclaimer
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