Sangam_agarwal
shrinking wedge intraday chart pattern Shrinking wedge is getting shorter and shorter with each new candle.
Gold all time high trade anatomy : Ascending triangleGold is trading at all time high. trade plan to enter the market for day trading
Gold ending diagonal Gold 5 wave bullish trend has made a ending diagonal pattern in its 5th wave that have potential for $2000 price. Bulls will take their profit and seller will enter the market. Bears will target for 38.2% retracement of this rally on H4 Time frame.
Gold Bullish parallel channel Gold is trading in parallel channel if we go more precise than we have pitchfork with 1.618 and 2.382 parallel.
This trend is 5 wave rally with 3rd wave extension of 3rd wave. After the 5 wave up trend we expect trend reversal that is ABC correction. Breakout outside this channel will confirm bearish correction upto 1815 which 38.2% percent of entire movement.
Gold: How to trade double top
Double top or Fake channel breakout
This move was combination of both fake channel breakout on 15 min chart and double top on H4 chart or trend continuation on long term parallel channel.
Always consider all pattern and use Elliott wave analysis to know beginning and end of any chart pattern
XAu USD Gold parallel channel Gold is trading in this parallel channel.
upside target is 1825 . downside breakout of lower trend line will confirm bearish trend and seller will target for 1745 .
gold bearish trend or second chance to $2000gold has confirmed bearish trend after reaching 78% @1733 retracement of all time high. gold can again test support at 1445 this time this weeks old triangle will geve it room for 1825
gbp usd breakout after bulls rally. it has been moving sideways
gbp usd has stuck in breakout zone lets wait who wins.
if it break up than it will be 5th wave. if don't than it is reversal
gbp usd fourth wave correction gbp usd in fourth correction wave.
we expect retrace to 0.38% or 50% than rise again in fifth wave . it has been following wave principle very well
gold parallel channel waiting for covid 19 bill voting after rally from 1450 gold now is in correction mode in parallel channel.
breakout of this channel will be very important after covid 19 bill voting
gold weekly analysis gold is now in triangle correction after huge sell off.
it has got major support zone at 1453 - 1445 that has been tasted multiple time.
for fundamental reason global rescission and us election 2020 trade war agreements are still drive it higher. so there is maximum probality that gold will break out this triangle . at the end of the fourth corrective wave will be perfect entry if you don't want to miss gold biggest rally driven by corona virus and trade war.
fifth wave will drive the direction of gold. lets wait
Gold fundamental and technical analysis by Sangam Agarwal
gold parallel channel after biggest decline gold is rising again in parallel channel . lets see whats happen on Monday
gold fall in love with 1470gold is flirting with around 1470/71. it has become a huge support for closing price.
gold bearish channel gold is now in bearish parallel channel after last channel breakout
if this channel is right than bullish target for 5th wave will 1660
if it break this channel than bearish target will be 1616
use proper risk management wait for breakout for sell target
gold next rally gold is in another parallel channel after breaking previous one
resistance - 1710, 1690
suppoet 1662, 1660
gold breakout or reversal there is low chances of gold going down from here
if it breakout another rally begins
Gold coronavirus trade entry setupgold may go up after market open but it is in bearish trend.
important stops is yellow trend line
