Everything Explained Through The Chart. I will provide further updates Make sure to follow me & stay updated. Cheers!
if you like my idea please like and follow. take profit @ 1737 stop loss @1707 cheers!
XAUUSD (May 22, 2020) Still predicting the scenario of the wave rising to 1800 When the price breaks support at 1690, we will have a new bearish scenario
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
This is a trade idea and for educational purposes only.
*Target Impulse 1800 ˜˜˜˜˜˜˜˜˜˜ 2nd wave/corrective + needs to retrace to .618 - .786 + TD Sequencial is complete and a bit over extended, meaning it is due for a correction + Stochastic Divergence also indicates a need for correction + Resistance/Support, Strong resistance at 1750, Strong support at 1720 ˜˜˜˜˜˜˜˜˜ 3rd wave/impulse + Impulse to 1.618 or 2.618...
A lot of people confuse shooting stars and dead cat bounces with 'real' runs - both in stocks and metals. Right now, we are seeing and have been seeing shooting stars in Gold for a little while and we have received another one. Silver has recently formed a shooting star as well. What this means is we can expect a likely breakdown once again in Gold to sub-1450...
It was fishy already the moment when I realized how people being greedy over equities TVC:SPX | TVC:DJI . Knowing much of major steps already taken in action from global governments and central banks all those honchos working together to save their own country equally from this pandemic created financial crisis let me think at least once that something is coming...
GOLD HAS REJECTED THE 2.618% RATIO @17000 FROM 25 JAN 18 AND 16 AUG 18 PROJECTION ASWELL THE 200% FROM THE H&S FORMED IN BETWEEN 2014 AND 2017 THE PRECIOUS METAL IS APPROACHING TO 1497.494 @ 100% SYMMETRY FROM 25 JAN 16, AUG 18 AND 9 MAR 18 IN CONJUNCTION WITH THE 200 MA @1497.494 COULD GIVE A POSITIVE REACTION HOWEVER, PRICE NO ALWAYS REVERSE @ 100% SYMERTY...
XAUUSD is still going down on all time frame for taking super support on the level 1450.00. so long trade and long term trade can be put on 150.00 to 140.00 level.
Hello everyone. It seems that a major correction (W) (X) (Y) of (B) has completed. Then I expect a good cheapening of gold in the next 1-3 years. After the formation of waves 1 and 2 I will enter the short according to the situation. In more detail:
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave: Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1 Could we also be looking at an early wave correction? Make sure to keep an eye out for gold.
I'm still bear on Gold, according to my previous Elliot wave count
We recently saw a strong impulsive move to the downside resulting in a break of wedge pattern. Price is currently consolidating and is showing rejection from broken trendline and 0.382 fib level. We are targetting a full retracement of trendline.
OANDA: XAUUSD AFter such a long time of not analyzing the charts I have finally taken my time off the studies for a while to send you this analysis of the gold signal , this analysis has shown me a possible selloff gold from the current price the sell-off target with my analysis is a short term trade with the take profit at the level of 1487.50 and my stop loss...