Xauusdwave
GOLD Wolfe Bullish Up TrendHi Traders,
Gold, which is in a downward trend, started the bullish movement with the Wolfe Bull formation, which is a full return formation, I shared the Tp1 and Tp2 points in the analysis.
Gold , xauusd analysis update Gold analysis update, A bullish correction for the descending wave
Then the landing is completed by another downward wave.
LONG for nowFinally hit my short TP at 1903 although it overshoot to 1885 level.
But anyway lets get back with bull for now.
I was expecting to long at 1860 level but it seem gold may retest 1960-1970 first before further downside.
Look for long on XAUUSDWait for an rejection or wick in this area then wait for that rejection to close, then take the LONG position.
XAUUSD LONG (2000+ POINTS) After the fall on Friday due to the FED news, we saw the gold rise steadily with few retracements on the way, forming the wave 1 of our overall journey to the 2090 dollar per ounce journey. The gold is presently on the terminal of the wave (with a hidden divergence sighted on the RSI) and we still have some bit of upside before the first major retracement to the 1950s
XAUUSD GOLD DOWNTRENDXAUUSD Gold to have reached top of wave 3 showing traits of change in direction. Let's see how it goes.
Goldseems to be bullishGold is in uptrend channel and is building wave D so it can touch 1724, 1729 and 1742
GOLD History Repeats Itself? GOLD History Repeats Itself? it explains a lot! That's question will we do that again?
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Gold End of April analysisWe are now on a clear downtrend on Gold as predicted, wait for retest on the trendline to add more sells in aditional to the sell from 1732, Put Sl 1720 and TP at 1680 to 1650
XAUUSDthis is my idea for next week on gold
gold is still bullish, uptrend structure its alive,under the elliot wave analisis price is finishing the correction abc, currently is testing the 138 level of the fibonnacci expansion on abc, that is a good level, anyway the yellow zone down is around the 161 fib level which is a really good reversal level, gold should be ready to start the new wave.
Gold what's next!(^_^) Everything on the chart.
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XAUUSD: Demand Zone is Ready.Thanks for Taking Interested in my Trading Idea.
XAUUSD: Demand Zone is Ready.
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XAUUSD: FIB GOLDEN REJECTION ZONE.Thanks for Taking Interested in my Trading Idea.
XAUUSD: FIB GOLDEN REJECTION ZONE.
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Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
Gold will retrace to the mean before shooting off Update 1The ABC should happen once weekend is over. Mean coincide with fib ratio.
On the ichimoku cloud, it seems that the lagging indicator will not fall through the cloud when that happens.
Also, it looks to form a decade old C&H.
Because of how big this thing is, Gold might end up flying to the moon by end of this year through to next year if this thing goes the way of this prediction.
How we watch, and react accordingly if we turn out wrong.
GOLD - preparing short positionsGold has now formed an downtrend channel. Pattern is now clear.
Already retested the upper band, creating a fake break. Now we expect price to drop at weekly support.
Banks already closing some long and short positions, now we might see the building of their shorts. 10k shorts were closed , this week we can see also big volume of longs closing, by the big move down.
We are short for some time on Gold, however on this pullback we will add more short positions. First target is lower band of channel, price 1525. On the shorter term 1540 is also a good closing pivot point.
In our view, the fear of a recession is still valid. Dollar growing together with gold, indices at all time highs. Be prudent with the shorts on Gold, under Trump's presidency Gold will be still bullish.
Break down coming on GOLDUSDANALYSIS ON GOLDUSD
Welcome to my analysis
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4HR CHart
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Interesting Point of interest In the XAU/USD pair.
- Price above 200 day EMA.
- look for sell signals TO GREEN ZONE.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Long term i am expecting move to the upside. Will update soon
Stay Tuned
GOLDas per previous charts and expectations we r above daily high and made a hew high, so from this point it can drop deep down, or it will be just another correction for medium term up before the big drop .
now on the chart we can see that it retraced barely above 0.236 and im expecting to see at least 0.382 and if that will be all the correction or it will be part A from the bigger correction i dont know, but this as a structure looks almost finished.
My Idea on GOLD for a couple of days I'm seeing Gold making a retest and bouncing to the zone of resistance, Ill be looking for potential buys with the right confirmations.
