XAUUSD SHORT TO 1806For those that understand Elliot Wave Theory, I'm sure you can tell what my short term & long term view is just from looking at this chart analysis. Short-term I am expecting a move back down towards 1807-1796 after we hit the resistance zone of 1852-1862. After that will we Gold prices drop lower or will it resume to the upside again? I have zoomed in on this chart as I don't want to give away my long term view & show where my targets are, as that is exclusively for my Gold Fund investors. But a nice shorting opportunity coming up soon on Gold for you guys all to profit from.
Comoditycurrency
Copper Absolute analysis 02/02/2021we can see the copper in the monthly time frame that it has broken the triangle and is showing some bullish movement in the future
we may face some small downtrend but on the general trend we can be more bullish on this commodity
we have specified some levels of supply and demand where we can capitalize on
this analysis can be very useful for the swing traders and long term positional traders
Aussie dollar is offering a 700$ a lot opportunityafter the daily engulfing pattern we wait for a retracement to finish the inverse head and shoulders pattern
that will target 61.8 or 76.4 % fibo level from last low to last high scored.
risk to reward ratio is great we might look for another short from above since the weekly chart looks weak.