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Elliotwaveprojection

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
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
OXTUSD - Price PredictionHello all, Here's OXTUSD as requested by 'NuMaUita'. I think there is a possibility that this could pullback to the 0.22 level once more before going back into its upwards trend. If it kicks on from here however, it will indicate a wave (iii) structure to one higher degree for which I have an initial target of 0.46 - 0.51 . Any further extended move up will likely take us to 0.60 - 0.67 . I hope you found this useful! As always, a like/follow is much appreciated. Thanks for looking! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Remember to do your own research. Trust your own analysis. Beyond Edge
BINANCE:OXTUSD
by BeyondEdge
8
XAUUSD - Elliot Wave ForecastHello all, An update on XAUUSD, price is nearing the 1750 - 1760 zone as outlined in my previous idea. The corrective structure is still in formation with a lower degree 5 wave structure in progress. This is my primary count and we are currently in wave (iii) which can potentially extend further to 1741-1739 before retracing into wave (iv). I'm expecting this structure to complete (wave v) with a drop into the 1720-1690 zone before putting in a final sideways correctional sequence of some sort through out December. More on that when we get there, follow for further updates and be patient if you're waiting for a long swing position. Trade safe, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSDLong
by BeyondEdge
1
GBPUSD🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 Cable seems to be giving us a ( w-x-y ) pattern for this final leg of wave (B) of (A-B-C) correction of Wave (A).. But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then bears are now preparing to get on boards for wave c. If cable continue to break and trade above 1.33217 level, then this will prove bulls still in control of wave c or wave y of c of (a-b-c) of (b) but if price trade below (1.31948 / 1.31034 ) or below 1.29737 then we might consider having completed wave b then bears on boards for wave c The structure may change at anytime, make sure you validate it and apply your risk management before placing any trades... This whole correction could be a Running Or Expanding Flat if Cable continue pushing higher💵💵💵😊💵💵💵 All the best 💵💵💵😊💵💵💵
by Ghost_Trader_SA