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Elliottwaveforecasts

🥇XAUJPY: Japanese Alchemy of Gold🎌●● Mine scenario ● 1W It is very likely that, as in the case of XAU/USD , the wave (V) of the " Supercycle " degree forms the Ending Diagonal I- II-III-IV-V . ● 1D A variant of count of the triangle ((B)) of I . ● 23h A variant of count of the wave (1) of ((C)) in the form of a single zigzag A - B - C . ● 6h I expect the wave (3) to resume growth soon. The confirmation in favor of the completed correction (2) of ((C)) in the form of a double zigzag W - X - Y will be: the breakdown of the line 0 - X , plus the formed waves ((i)) - ((ii)) of A , the first of which will break through the top of X — " bull lvl " and gain a foothold over the upper border of the descending channel. ●● Alternative scenario ● 6h As long as the above conditions are not met, there is still the probability of continuing the decline of the wave Y of (2) with the first targets of 173775 . The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
OANDA:XAUJPYLong
by TradeWaves-EWA
2
GOLD To The Moon! Will the Prices of Gold Rise to $2500/ounce?Throughout history, gold has been seen as a special and valuable commodity. There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Gold cannot be manufactured like a company issues new shares or a federal bank prints money. It must be dug up from the ground and processed. Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty. However, before you decide that you need to buy gold immediately, it’s a good idea to take a step back. Gold is an asset like any other - it can rise or fall due to sentiment. Should You Buy Gold Now? In order to answer this question, let's take a look at the Gold chart using technical analysis. Elliott Wave Analysis + Supply & Demand The XAUUSD "Gold" monthly chart above shows that the rally from the 2015 low of $1049/oz has been unfolding as a five-wave impulse pattern. This pattern is labeled 1-2-3-4-5 and the sub-waves of wave 3 are visible from the weekly chart below. The market is currently trading in wave 4 correction which is about to complete, the price is expected to resumes higher in wave 5 to complete the impulse sequence once wave 4 bottom. As you can see from the previous fourth waves correction in black and pink, the market resumed higher rapidly in the fifth waves when they completed. This is the kind of scenario that's expected to happen once wave 4 in blue is complete. Confluence Confluence occurs when several technical analysis methods give the same trade signal. An area in the market where two or more structures come together to form a high-probability buy/sell zone. In the Gold charts above, we have a confluence of indicators creating a strong demand area consisting of: An Ascending Trendline Supply & Demand Imbalance Zone 20 Months Moving Average as dynamic support Correction Parallel Channel Support 38.2% Fibonacci retracement of wave 3 advance. The confluence of technical indicators suggests that Gold will most likely bottom within the confluence zone indicated on the chart and start the anticipated advance soon. Breaking Down Correction On The Daily Time The daily chart above shows that Gold decline from its August 2020 high has been unfolding as a double zigzag pattern, labeled (w)-(x)-(y). Correction is usually enclosed within a parallel channel and when it completes the market will resume in the direction of the impulse. Gold Wave 4 correction will most likely reverse within the blue zone, most especially within 61.8% - 78.6% area. Entry Confirmation & Targets Zone: The breach of the $1814.78/oz key level will confirm that XAUUSD has bottomed and the price is now heading higher in wave 5. If this count is correct targets within $2300 and $2500 per ounce are plausible in the months ahead. Check out my Gold 2019 Elliott Wave Analysis that send its price 30% higher. What's your thought on Gold? Can the price rise to $2500/oz? Let me know in the comment. Thanks for reading! Veejahbee.
OANDA:XAUUSDLong
by Veejahbee
3
PMs - ELLIOT WAVE FORECAST - Gold $GOLDHere is a brief Elliot Wave Perspective on gold: - Short term outlook is quite bearish. - It correlates to bullish outlook on equities. I think we have some short term upside until EOQ1 or Q2 on equities. - It looks likely that we are on Wave 5 which will reach a high of $2275 USD Bullish scenarios are: - 1900 High was Wave 5 and we are on a new motive wave (Most Bullish). - Bouncing at 1600-1700, breaking out of the rising wedge in the short term without retesting the bottom, confirming a new motive wave. - The current wave 5 will be extended to 3000, but in this case we will still have a correction in the short term (Med term Bullish). I am a believer that financial markets move the world, and precedes "news"... From this forecast, we can also speculate that Biden will have a 4year term. This trend also aligns with the Smart City bubble ($90T USD projected MCap) which should begin in 2030.
TVC:GOLD
by UnknownUnicorn1043646
1
Price targets for Wave up from 11k.NOT a professional, just a person who loves TA and is very very good at pattern recognition. Do your own due diligence and make your own decisions. This post is only for speculative/educational purposes. Consult a professional if needed. Good luck trading! If this post saved or made you money, please consider tipping and/or commenting as I lost a decent amount trying to trade this before I realized what was happening. I have another published idea which further explains things. -Wave is doing a large correction (prediction made 12am Feb 21) to 39500 - Wave 5 of higher Wave 3 is ending Diagonal, causing deep correction to 39600 (top of wave 1, it will finish below that if entire large wave is leading wave) - Predicting entire leg up from 11k is a leading diagonal. - Complete wave prediction: 77240 (could be less entire large wave IS a leading wave, as wave 4 will finish inside wave 2 area. Add 19700 to end of wave 4 to find wave 5. -Wave 5 will extend past wave 3 guaranteed. -Wave 3 was 68% of wave 1, applied same % to wave 3 to predict wave 5 (don't know if there are known numbers for this.
Short
by Stockguy0415
8
Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately! I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes. If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
Short
by Stockguy0415
1
XAUUSD, 1hr tf, elliott wave analysis on HnS pattern breakoutHello my friends, First of all i wanna say Happy Chinese New Year for my fellow traders who celebrating it. I hope this 2021 gonna be a blessful years for everyone. I got some trading plan for XAUUSD. Recently price melt down after a HnS pattern formed. In my opinion we could still see XAUUSD go down again. It was because there is a higher timeframe SHS pattern in play. This recent upwards movement was only a retest of that pattern neckline. For this trade we will only try to capitalize the 1hr tf movement because it looks like all the movement are matching Elliott Wave requirement. Wait for wave-iv to complete and we will sell after a bearish candle confirmed rejection around 50% fibonacci area. Sell XAUUSD 1830 Stop loss 1836 Take profit 1810 (3.3R) Use no more than 2% risk Good luck
FX:XAUUSDShort
by HayatoDragonFX
🛒X5 Retali Group (FIVE) - excellent setup for a long position.●● Mine scenario ● 1W LSIN:FIVE The large Running Contracting Triangle ④ or ((B)) has been under consideration for about two years. Until recently, the main count had a decline in the final wave of C of (E) , but after weighing all the pros and cons and taking into account the expectations for the market as a whole, priority was given in favor of a completed wave ④ or ((B)) and an early exit from the model up. ● 1D History LSIN:FIVE A variant of waves count (B) - (C) - (D) as part of ④ or ((B)) . ● 1D LSIN:FIVE If the top of the triangle is really set, then we have nothing more than a series of One-two, one-two waves " (1) - (2) 1 - 2 " as part of the expected ⑤ or ((C)) . ● 6h MOEX:FIVE " Pic. 4 " The targets for wave 2 of (3) can be the Fibo cluster area within two degrees, which is indicated by the blue channel. Looking back at the alternative count, I plan to make any purchases only if 2 of (3) and subsequent ((i)) - ((ii)) of 3 are completed and the first of which will break through the top of the ((x)) — " bull lvl " and will gain a foothold above the upper border of the descending channel. ●● Alternative scenario ● 1W LSIN:FIVE The probability of descendind below $ 18.90 ( LSIN ) is now as an alternative count, which, however, does not make it any less likely. Wait for the indicated conditions to " Pic. 4 " and open a long trading position with the least risk. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
F
by TradeWaves-EWA
AUDUSD, 4hr tf, Elliott wave sell and buy planHello my friends, I am sharing my trading plan for AUDUSD. As you can see, i used elliott wave theory to forecast AUDUSD movement. In my opinion, price completed wave-iii. We could see price retrace towads 0.7670-0.7690 area. I sold AUDUSD at 0.7735 aiming to capitalize wave-iv movement. My take profit is around 0.7690 which is 2.25R setup. After price complete with wave-iv, we could then expect buy opportunity with take profit target at 0.7800 resistance. If price manage to retrace towards 50% fibonacci level, it will be a good opportunity to buy with stop loss using wave-i top. My plan for buy is to buy AUDUSD around 0.7670 Stop loss 0.7645 Take profit 0.7800 (5.2R) For both trades, i only use 1-2% risk. Good luck
Long
by HayatoDragonFX
3