Wolfe WaveWolfe suggests using the EPA line as a buy signal. When price reaches the EPA line, cover the short position.
Xau_usd
XAUUSD long Hello traders
I have been following XAUUSD at all time frames and giving you some of my trades .
for now Im going to buy this break out . there is a chance that we still in the correction so I take the target considering that but this trade can go much more than this target . Im not showing my wavecount on this because there is 2 scenario . but still very good chance to buy . so dont miss this .
just wait and see about gold my sl is 1316 i had been short at 1304 1310 1313 and my first target 1240 1190 1180
i will short it again at 1323 if it create a new hight sl:1328
if 1328 breakout it will rush to 1378 1400
then buy stop 1328 target 1378
short at 1378 sl:5$
short at 1400 sl:5$
and ....you know
Gold Potential Sell Setups In Two WaysPrice has bounced from a key level and dropped with a sharp move. It has been in a correction since then, a correction which may end either from a new decline of price from the 0.618 fib of the impulsive downmove or the breakout below the structure. Either way we have a good sell opportunity in gold for the upcoming week.
Key level
Gold is creating a bull trapI think we are in wave B (strong B) and will drop to nearly 1225 after "brexit" vote.
Don't scare to buy back if gold drop to 1225. We will catch the wave 3 in the larger degree.
XAUUSD - GOLD Could swing either way, looking small retracePretty neutral here looking at the charts.Could go either way but looking to some more upside of 1350-1400 areas
- Could be a lot of pop if the bulls let it get to the February lows of 1180-1150 areas Perhaps not even that far! Have a good weekend everyone
Gold/USD SHORT AT 1276.281, Sell at 1276.28 , Stop at 1295.43 .
2, When the price reach the Line A , you can change the stop price below your open price .
3, 1st Target is Line B .
4, 2nd Target is Line C .
5, 3rd Target is Line D .
Two probably patternsTwo probably patterns
1. Head & Shoulders : Target #1 at 1108
2. Ascending Broadening Wedge : Target #2 at 1085
If breakout resistance trend line two patterns is invalid.
1 of C of B in progress?Last upside from $1200s looks impulsive on lower timeframes. 3-wave correction from current levels would confirm that C of B is in progress. Go long til $1400+ then...
If this view is incorrect, we still need 3 wave correction of last impulse and then we going to have C wave up to about $1300... So, go long after correction anyway... )
Short Gold at 1255 on Upper Trend LineThe gold daily chart has a lovely symmetrical upper trendilne to it...Im expecting a short at 61.8% fib retracement ($1255) as todays move up was too strong to short gold from a lower level and experience tells me that traders nearly always push the boundaries to the limits... the chart tells us we will hit this trendilne and 61.8 fib on Wednesday 8th June, do not rule out a fake bullish breakout up to1160/1165 so not a trade for a tight stop loss. This should see an end to the correction and the beginning of the next wave down to $1130 - $1170 by end of June.
gold can continue its uptrendgold can continue its uptrend with the target around 1500 price level.
FX_IDC:XAUUSD
plz buy the gold cuz it already over sold !From recent highest price of gold 1304 till now 1212 98.47 dollars decreased . 7.55% off. And the lowest point 1206 seems to be a good point to buy . Plus it stand on the FIbo 0.382% retracement line . So buy the gold between 1200-1215 target first target 1230 second target 1240 thats it . The gold maybe down to 1110 . but the gold seller would not sell it nw . Cuz they will wait the gold pull back then open the short sell order .
Gold very long termXAUUSD
Very longterm chart
Trading wave 4, before reaching a new high (2284).
Wave 5 possible $6000, but not in our lifetime.
Fibo multiples for the new highs, maybe also apply for the lows
chart:
www.zerohedge.com
www.zerohedge.com
XAUUSD Bullish Bat or Anti Shark Bullish Bat Formed
Bullish Shark about to be formed
the green zone is a strong daily support area
The Pinky box is the possible PRZ
Wave Analysis on GoldGold is now in down trend, By Elliott Wave analysis, it will likely retest the 43-44 level, with another A-B-C wave.
Brent crude is due to continue rising during the summerUKOIL Brent crude is due to continue rising during the summer at least up to $55-60. High gasoline/petrol during the warmest season of the year is already taking place. Oversupply is not lasting long for a finite commodity specially in an increasing more volatile and unstable world where plenty of conflicts accross the globe are arising. We shall never unfortunately see again $30 a barrel prices, is more likely to keep going up to a minimum of $80 UKOIL in the next couple of years.
Pivot point at $45 and for WTIOIL the same applies. Bear in mind that is interesting to keep on eye on AUGUSD and XAUUSD prices as well as 2016 is becoming the year for commodities
XAUUSD DAILY GOLD TIME TO MAKE DECISIONSHORT IF IT BREAKS THE RED RSI LINE TARGET 1196
LONG BETWEEN 1243-1265 IF IT RETURNS FROM THE RED RSI LINE NEW TARGET 1312
PLEASE BE SURE BEFORE TAKING AN ACTION
Gold Critical LevelAfter bearish monday, Gold is at critical level. If it will break 1263, it may spend some time in consolidation area between 1263-1232.
