Gold turns to its final up move, (to complete a three wave correction (Flat) on daily time frame) targeting TP1= 1291 TP2= 1306
Gold is now in a daily correction, the question now is ... Is this a 3 wave corrective structure? or a 5 wave corrective structure? Time will tell
According to Elliott wave principle Gold right now is doing one of those 2 scenarios, which one? Time will tell
Bitcoin will drop to 3500 or 2900 sooooon Now we are in the very top, Turning point is coming very soon.
Gold have to go above to 1375 before drop to below 1045 To end the down move and start a new up trend this view may take years
Gold will tag 1263 (61.80 % Fib level) Long from 1263 Entry: 1263. Target: 1398. Stop loss: 1236.
I think YEN now in a consolidation and a long trade is coming soon
This is the possible moves of Gold to reach the last destination (TP= 1275) before going up again. Only TIME will tell.
According to Elloitt wave wave 4 may drop to TP1 = 1.1168 or TP2 = 1.1005
according to elliott wave wave 4 may drop to 1295 or 1265
I think gold will drop all the way to 1080 Find a lower time frame for sell setup TP1 1205 TP2 1130 TP3 1080 SL 1380
short Silver TP at trend line SL the previous top (red line) Enjoy
I think we can short gold to 1295 TP1= 1295 TP2 = to the trend line After testing the trend line and according to price action we will see if it starts a down trend to test 1200 again
it's confusing :( may be this a correction of 1,2,3 flag then an impulse coming with TP1= 1320 & TP2=1340