GOLD could reach 2065 +/- by in early week. 28/Oct/23XAUUSD Price Could reach 2055-2065 ( which is long term downtrend line since August 2020 High) by first few days of November.
Cycleanalysis
SPX broke daily 233 EMA again. 25/Oct/23SP500 price broke daily 233 EMA again not a good sign for Bull. Short again @ 4400 +/-
Bitcoin. Oh No! Bull (trap) coming?! 25/Oct/23BTC's 18000 +/- is confluence of zone of :- 1) Quasimodo level (QM) 2) Demand Zone ( Cyan rectangle ) 3)Pitchfork line (cyan)
Gold. Short @ 1988 +/- with 18.8 Risk/Reward ratio! 25/Oct/23XAUUSD. By breaking 1963.10 low which was BOS (Break Of structure) , it's confirmed that Gold's deep pullback since 6/Oct/23 is done. Short @ 1988 :/- where there was a hourly order block. S.L for short is @ 1998.
Gold probably last leg up toward 2005 +/-. 24/Oct/23XAUUSD is forming a triangle now in wave 4 (yellow) = last pullback from uptrend since 6/Oct/23 low. P/s. 2005 +/- is a confluence zone of :- 1)Daily Order Block 2)Pitchfork Parallel line
Malaysia Property Index. 21/Oct/23Malaysia Propeerty Index has been surging up for more than 47.45% since last post on 10 April' 20. Maybe Wait for Property Index Drop to 700 +/- then consider buying our favourite "developer stocks".
Gold need to "converted to" $$ for war! 20/Oct/23XAUUSD wave X ( Red Circled ) is a complexed double three in either running flat ( < 1987.37 ) or expanding flat pattern (slightly > 1987.37). P/s As there is no swing high confirmed yet @ 1987.37 +/-. Traders need to wait for price breaking 1971 which is subwave 4 of an impulsive waves for wave C (yellow) to confirm the reversal.
Gold. Where is its "terminus" from War? 19/Oct/23Gold is forming another triangle now in lower time frame chart e.g 1hour chart etc. So probably last leg to complete wave A (yellow).
Gold. Why high "probability" to buy @ 1838 +/-? 30/Sept/23Gold, We have confluence zone @ 1840-1838 where there were 1) AB = CD ( white line ) 2) Major Weekly Demand Zone / Oder Block. and a few (secretly) not mentioned...
Gold, Back to previous idea >2000 +/-. 18/oct/23XAUUSD, just broke trendline liquidity probably with false breakout. Possible having a deep pullback toward 1888 +/-. Before resuming uptrend toward 2000 +/-. Where 2000 +/- is multi confluence zone of :- 1) Weekly Order Block 2)Yellow Upper trendline 3) Pitchfork parallel line and etc
Gold. An amazing moves within 1day! 14/Oct/23XAUUSD, An Amazing Moves in wave C (yellow) within 1 day! Gold's Wave C (Red Circled) is an expanding ending diagonal pattern.
Gold. Reason why correction not done yet. 13/Oct/23XAUUSD was forming a leading diagonal pattern, so it's having high probability that the deep pullback from 1810.34 is just wave A (yellow), the first leg of zig zag wave in wave 4 (blue).
Gold. Short now. S.L @ 1882.59. 12/Oct/23XAUUSD checking from its internal waves structure, it's probably just completed a double zigzag WXY (yellow) in wave (4)(cyan) @ multi confluence zone :- 1) Triggered liquidity lvl @ 1879.79 on double top in 4h chart, 2) Broke Daily Order Block, 3) IVFG, 4) previous gap @ 1870.. etc
Gold short @ 1878 +/-. 11/Oct/23XAUUSD, we've seen not just gold surging up after middle east.. But USD as well. That probably indicated that US's note still "smell good" & continue as a "King Maker" for time being". Let see how The Boss/Fed gonna "trigger its rifle" @ today 2pm.
Gold, will Israel-Gaza conflict "push" Gold higher? 10/Oct/23Gold as posted ideas on early May 2023 where we have high probability breaking < 1800, BUT which "road/path" to success"? It really depend on which paths/waves we "choose" based on our patience/trading skills/ etc. P/s The more we trade toward <1800 the more we might lost/loss in trading's "path/waves" or vice versa.
USD probably retrace to 105.25 +/-. 8/Oct/23DXY Instead of expanding flat pattern USD probably forming a complex double three pattern (w)(x)(y)(yelow) on wave (2)( Blue).
Gold. Probably another 2/3 weeks testing our patience. 8/Oct/23XAUUSD Probably building a ranging "base" in wave (4) (blue) . E.g : tringle, double/triple zigzag etc.. where price capped below 1870 +/- Before another significant "drop" toward 1760-1750.
GOLD long now. 4/Oct/23. Gold. Base on Elliott wave principle/ theory/rules.. You may disagree/ argue with me that subway of any corrective wave in triangle consist of expanding flat but i have seem it and prove it with my z-factor (speed analysis) as It happens very often in lower time frame chart.
The Oil "belong to" UK finally reached 96.80 +/-. 2/Oct/23UK Brent Crude Oil finally reached 96.80 +/- as posted idea on 23/Feb/23. What Next to the "mother of all inflation"?
Gold. probably "bottomed" muti "weekly" @ 1870 +/-. 28/Sept/23XAUUSD. There was a "hidden" triangle here @ wave (4)(blue)..So current downward trend probably the last leg of wave A (Red Circled) which is a leading diagonal pattern.
Gold. wave ii (green circled) reached earlier. 27/Sept/23Gold wave ii (flat pattern)( Green Circled ) probably reached earlier than expected As we have "wedge pattern" waiting for breakout in DXY/USD/Dollar index.
The #BTC Cyclical Turn Around Is Here!Bitcoin has dropped around 80% each bear market since conception, As we can see looking at the historical data I showed above. Each Bull cycle rhymes if you measure the days the bull/bear cycle ran for. Overall, I think we are on the edge of something special!
***nothing here is financial advice, always do your own research.
