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XAUUSD : Correction Complete and bullish continuationBullish continuation is Expected. So.... using EW( elliot-wave ) : The higher degree has Completed Wave 1 & 2 the onto creating Wave 3, 4 and 5, so we are still expecting the creation of these Waves 3 to 5, so this means bull rally on Gold is still gonna continue. Lower Degree Labelled in Orange has completed wave(s) 1 to 4 , it has finished wave 4 with a WXY structure @ 100% - 1.236% to confirm completion of the structure, so now onto creating Wave 5 of this smaller Degree. Buying Around these price levels is recommended but follow your own Risk management with this one. Also look @ Daily or Weekly Timeframe, there Gold just or is about to finish the Re-test where it broke @1849.915 PLEASE NOTE/REMEMBER: We are still gonna be in an uptrend til we finish up the wave(s) 3, 4 and 5 of the higher Degree, and only then we will look for the other Direction once these have Completed. Best of Luck, and Trade responsibly.
FX:XAUUSDLong
by Theofylrx
GOLD Working itself to top of the channel (scenarios)Gold has been falling to the bottom of the channel for 70 days and seems to have bottomed out at the $1674 level (previous pivot point aswell as the bottom of the channel). Look for a trade upto the 78.60% fib retracement level and wait to see if it gets rejected and take profit. If it has a daily close above the channel and 78% fib retracement level. If there is a daily close above and there is alot of volumes on the day after this would be a signal to get into a long position to the previous rejection point ($1959.70) . if a higher high is made and it closes as a higher high this would indicate it has broken its bearish trend and has flipped bullish. If gold however rejects and spikes a close below the top of the channel and the 78.6% level then this will give the signal to enter a short position down to the -27% level which is at the bottom of the channel.
TVC:GOLD
by james2004f
The dollar can have a surprise in store for us all!Watching the TV and the social media with it, anyone can be convinced that the dollar will keep getting crushed and there is no way but down for it! And that is why I am inclined to say that IN THE SHORT TERM, the DXY will go UP ! The S&P is at an ATH, so be careful for a good pullback. This pullback for the markets and rise of the dollar will be short lived because of the Fed. So use it as an opportunity to buy MORE! Target: 94.60
TVC:DXYLong
by ChildishMan