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Goldelliottwave

XAU/USD (GOLD) TO THE DOWN SIDEXAU/USD (GOLD) will down from 50% area of fibo or it will down from 61.8% area. We can see the price to the more downside in the upcoming days for finishing the Triangle. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAU/USD #GOLD
OANDA:XAUUSDShort
by anantadhungana
XAU/USD (GOLD) HAVE A SHORT TERM BULLISHNESSXAU/USD (GOLD) can go around $1846 for making a B wave of a triangle. We can see an impulsive wave on gold as a-b-c as a corrective rally for the B wave of the triangle. Gold has bounced very quickly from the recent bottom and I would like to call it's a corrective rally because we can clearly see triangle formation on a weekly chart. We are on a c wave of B wave of E. E is the final wave for a finished triangle. Some people might have a question for me " why you still bearish on gold ? " and for this question's answer, I would like to call - silver also didn't finish the correction and DXY also didn't finish the impulsive rally. I to measure a-b fibo extension for getting c wave target and that's target is around $1846. We can draw a parallel channel and the middle point of the channel exactly match with fibo target of the c wave. So we can most likely see correction for E wave from that point. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAUUSD #GOLD
OANDA:XAUUSDShort
by anantadhungana
Gold: These Two Levels Can Change The XAUUSD TrendAdvice For Day Traders: XAUUSD is not tradable between the range of 1766 to 1745 . They are trend changer levels. Gold's Simplified Trading Strategy: According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold's target price 1782 - 1790+ . In simple language, you should wait for the breakout of 1766 or 1745 . Because of that's a crucial level for XAUUSD traders. If gold will breakdown the 1745 level, then the downtrend will begin. And that downtrend can drag it down up to 1730 - 1706 - 1686 . Please note, don’t forget to watch significant releases or events mentioned above in the chart that may affect the movement of gold, silver, and crude oil. Tuesday, Sep 21, 2021 18:00 Building Permits (Aug) - Medium Impact Wednesday, Sep 22, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 19:30 Existing Home Sales (Aug) - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC & Fed Interest Rate Decision - High Impact Thursday, Sep 23, 2021 00:00 FOMC Press Conference - High Impact 18:00 Initial Jobless Claims - Medium Impact Friday, Oct 01, 2021 18:00 PS MoM - Medium Impact 19:15 Manufacturing PMI - Medium Impact 19:30 Michigan Consumer Sentiment - Medium Impact
OANDA:XAUUSD
by forextidings
15
Continue UptrendGold continue its bull momentum in coming weeks. We got high volatility on gold that spoiled many traders accounts last week. Still there is NO structural sign of reversal unless a spinning top on weekly candle. I would like to make a statement here that we entered into a range structure which may last 6 weeks before breakout. I am expecting a triangle bullish pattern before touching 1625 . I am not expecting bear momentum this year. However price action around 1625 level decide/revise my decision. So far all good. Enjoy green pips on gold regards, V.R. Shaiju
FX:XAUUSDLong
by VRShaiju
3
3rd Impulsive Wave! Elliot Wave Anlaysis I've tried to keep it as clean and simple as possible, showing you all the different sub-waves and waves; impulsive and corrective, along with a couple of patterns. We can see price respecting an uptrend channel creating higher highs and higher lows; therefore we must go with the trend. As you can see, the corrective wave (ABC) has finished and we can see an immediate bounce off of the trendline. This bounce occurs in a key Fibonacci Retracement level of between 50.0% and 61.8%; a sign of a healthy trend. By projecting the Fib Extension of the last high with the yearly low, we can see that the 161.8% is near a key resistance level between 1295s and 1300s Therefore, we could expect Impulsive Wave 3 to extend toward such resistance area. Best of luck! _ Felipe Owner & Creator: Trading Simple International
FX:XAUUSDLong
by Felipersan24
Gold - Two scenarios with a buy between 1,245 and 1,265 USDTwo scenarios for gold: 1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction. If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD.. After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are reached. 2. During gold´s sell off there was one shallow bounce. If that was already wave B the whole correction is getting close to be finished. In that case wave C is expected to end between 1,245 USD and 1,265 USD. Thereafter gold should start the next advance which will not stop at the open gap around 1,346 USD but should take us towards 1,400 USD... In any case gold is a buy between 1,245 and 1,265 USD Profit target 1,315 USD or higher Stopp loss 1,235 USD
FX_IDC:XAUUSDLong
by MidasTouchConsulting
2
Gold/USD WKNEoWave analysis on XAUUSD by Enayat Ashkian Overal Pattern Type: Correction Wave ((A)) : It is started after the triangle and formed a normal Zigzag pattern and completed after a triangle. Wave (A) in ((A)) Pattern : Impulse trending Wave (B) in ((A)) Pattern : Irregular Flat Wave (C) in ((A)) Pattern : Impulse trending Wave (B) / Wave (A) : About 35% Wave (C) / Wave (A) : About 74% (A)-(B)-(C) Construction : 5-3-5 (A)-(B)-(C) Pattern : normal Zigzag Please discuss about this analysis, it's counting labels, targets, T/P, S/L and future patterns, moves and ... using your described charts by comment on this page. Regards, Enayat Ashkian contact link: telegram.me
FX_IDC:XAUUSD
by Ashkian
9
Gold Possible Triangle Formation (Elliott Wave Analysis)After the previous article in which I discussed how Gold might be moving in a 3 legged correction, it achieved the target 1 mark and then started moving hesitantly in a sideways fashion, now it seems that the correction might have taken a complex structure and quite possibly a Triangle. Please note that this can also be some form of complex flat structure however as of now the possibility of a triangle seems more likely. I will update further as this market progresses.
FX:XAUUSD
by NeeravYadav
Gold Alternate Count (Bearish Trade Setup) Elliott Wave AnalysisIn the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has. Alternate count in Green. However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave B of a Flat correction. This is all evident to the fact that the double bracketed Wave 5 looks more like a 3 leg up. Hence short positions can be initiated below 1257 keeping stops above the current swing high of 1264. Expect min, target 1251.82 and 1244.61 or even lower. I will update further as this market progresses.
FX:XAUUSDShort
by NeeravYadav
6
Gold looks like the 4th Wave is complete (Elliott Wave Analysis)I have previously discussed some probable count for Gold and would like to add to this possibility this particular count which points that a small leg up still remains before we see the Wave 2 of 3 correction. Basically if this count plays out then we will see Gold going atleast till the most recent high 1295 and even 1300 levels before giving the all important correction. Please note that Wave 4 in any degree have the tendency to become complex and hence might as well still be continuing. From a swing perspective this is a buy on dips market and swing traders can either add longs or wait for the Wave 2 of 3 correction to go long for the Wave 3. I will update further as the market progresses.
FX:XAUUSDLong
by NeeravYadav
2
Gold is it still a flat correction (Elliott Wave Analysis)As long as the red trendline is not broken on the upside I don't think there is much point in looking at bullish counts, hence I have only discussed the most probable bearish count in this article. Looks like the Wave B was a double Zig Zag and the Wave C has already started as an impulse down in 5 Waves. Based on this count the most probable target for C are : 1250, 1236. Please note that at this point there are a lot of counts that can be taken as an alternate view, if I discuss all of them the situation will become quite confusing, hence I have only discussed the most probable count here. I will update further as the market progresses.
FX:XAUUSDShort
by NeeravYadav
6
Gold moving down as expected (Elliott Wave Analysis)In my last article I discussed the 2 possibilities or the Wave counts that can take place. The last article suggested that either the Wave 2 in Gold was completed at 1240 and it has started the Wave 3 and is in Wave 2 of Wave 3. The second probability was that it was in a Flat correction. Situation Now : Gold has attained the first suggested target that is 1247, breached it and seems to be treating 1247 - 1250 region as resistance, this suggests to me that the Wave is progressing as a Wave C and only once it goes a little below 1240 can we think of the Flat pattern getting completed. Target 1 : 1240 Target 2: 1226 Note : If the market moves above the boxed zone and takes it as support then the probabilities would suggest long side trades. I will update further as this market progresses.
FX:XAUUSDShort
by NeeravYadav
3
Gold heading down (Elliott Wave Analysis )In this article I have discussed the 2 possibilities that can play out in Gold (XAU USD). The market is either moving as a Flat in the Wave C (Consider the Count in BLUE) OR It has already completed the Wave 2 correction as a double Zig Zag and is currently in the Wave 2 of the 3rd (Consider the count in RED ), in both cases it looks that we should see the market moving down atleast till : 1250-1247.85 region, from there on more possibilities should become clear. If this market is moving as a Flat then we can see the levels of 1240 and 1226. I will update further as this market proceeds.
FX:XAUUSDShort
by NeeravYadav
3
Gold how is this correction unfolding (Elliott Wave Analysis)It looks like that till now the correction has been an Double Zig Zag type of move, perfectly moving within the channel. Noteworthy point : Wave A = Wave C in both the Zig Zags. The 50-60 region is near 1250 to 1253, generally if the market takes support above this level it should atleast testing the most recent high near 1260. As long as this market remains below 1253 my bias remains bearish. Let's see how this market unfolds.
FX:XAUUSDShort
by NeeravYadav
Gold moving as expected (Elliott Wave Analysis)In my previous forecast I was expecting that the market will turn around 1260 region which is exactly what happened. It seems that the market is now going down in a corrective structure and should face support near the 1235 to 1220 region. I might have to make some changes to my previous counts, but that is all some technical stuff, the market is basically giving the action that I expected and that is all that matters from a trading perspective. There are basically 2 strategies that we can use here to enter swing long positions : 1. Buy on pullback in the 1225 - 1230 region only if you see reversal. Note the this is the high probability region and hence I'm expecting reversal here, if the reversal happens beforehand then we have to follow the 2nd strategy. 2. Buy on break of the 1260 region, basically the resistance. Untill the market reaches the support region it is a sell on Highs for Intraday Traders. You should view my previous posts on Gold for more clarity. I will update further as the market progresses.
FX:XAUUSDShort
by NeeravYadav
2