I think we have finished ABC correction and are now in the last part of the X wave.
after this X wave, I predict that the USD index will fall to the areas shown.
furthermore, we are in the upper area of channel down.
Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X...
we had a big A to 3$
then an abc formed B and we are in the last part of it which is a triangle
I think in less than 5 weeks
it can break out 0.80$ resistance and move to 1.27$
we can also wait for:
1.67 (short term)
3$ (mid term)
6$ (long term)
Dowjones index has become so much ready to go down deeply!!!
this analysis is based on neowave theory.
Also we have RD- on MACD in weekly and daily timeframes!
I think from now till 25 feb 2021, we are making the last highs...
we are going to goooooo dooooown
SL and TP are shown.
I think we can reach there in one or two years...
this was the most challenging...
I think we can have a big short on GOLD until it reaches to 1700
yesterday on the H4 timeframe, wedge pattern completed which target is 1876
by reaching that area, the daily channel also breaks out and we can have another short till its target 1700
So lets Short GOLD! :)
there is uncertainty between traders!
they don't know what to do! :)
we have also a disjoint channel
third touch of trend
and on the daily chart, we can see a rectangle pattern
I still totally Believe that gold is short
Stop loss and TP are shown.
channel and head and shoulder have been broken :)
so there is a good opportunity to enter short trade
be careful about risk and money management.
