Gold for now at the end of the wave ( diagonal ending ), it has the chances to turn out to be bullish again ,following with 3 wave abc to wave Sub (d), or extended price move with 5 wave around 2048. let's see after this short term bear correction, range 1929 to 1906/07.
Gold completed the 4th sub wave in a larger degree of 5 wave flat or correction (wave4), so this is a very good time to entry SHORT/SELL positions, because the risk is still at the minimum range from the highest price. long term target is around 1510/1500 or short term target at 1812.
i Believe Gold on long in the longer time period BUT for now it's going to be bearish to complete the pattern, backing by news on US dollar has so many manipulation on its value.
Btc ..yes and yes ..still going to the upside, creating support monday to thursday, friday slowing down a bit, then saturday sunday going bullish again... . lets just. wait until its going to 43k or more..
Btc increase in capital in a short time at this small movement, for this, i'm sure its a time bomb from here, waiting for some bad news for dollars and some sellers exits, then we'll see the next bull run.
BTC will continue it bullishness, expecting target would be 32k, 39k & 43k.. due to dollars drama and other coins drama.
BTC next Target 34k but before that it must break this 21k price.
As my previous chart was forecast on a larger degree timeframe, this upcoming week i shared my views on the 45min chart. On the left red arrow the market stop and return at 127.2 on a larger degree, this shows that the correction on the larger timeframe is ended, so now we're looking for a pattern that shows us the confirmation of the bearish continuation, On...
Movement guide for gold, looks like the diagonal and the wave count shows that Gold are more to the bearish side. from the recent high C, it can move as ABC or abcde to 1680 ish, if this move ended as wave D (1680 ish) , soon we will see bullish move from that point .
The previous correction wxy already finished, new upwards bull breaking structure already happened, for the pass few month we're in the end of retracement, a few weeks from now ,this could be a good time for us to entry our positions.
Probably gold will be downwards, due to completion of corrections and structure break. NFP today.. if the USDX got strength, this will be a good guide for trader.
Upcoming wave C ,a new trend will form And bullish continuation from a larger degree.
Gold Price has been extended by the NFP data last week, this move has make me to mark the 5th phase wave from (WXY) to (WXYXZ) . Now , this week ( Tuesday ) gold went down and break the previous structure (X), these mean the next move will be bearish continuation from previous weeks trend. For now, i would wait for another move high ( lower high ) before...
Gold is at a sub wave 5 phase, in expanded diagonal pattern, this shows us a clear direction . Any how, stop loss should be put down as a risk control in your account.
We still in the 4th wave , look for pattern to trade. usually it will be 5 ,wave movement or it will be extandard to 9 to 11 move
Gold already. Complete its a, b, c, pattern, now this move over here is a new bull wave , its already ended wave (a) at fibonacci extension 127.2, If this point does not break, that’s mean there will be a bearish a, b, c, move for a completion wave (b) , This is the lower high point before the bull rally comes.
the huge correction of abc is finished, now the first move up is a market bounce, these coming weeks will be down for a retest before the bull rally continue
need to break 2029 at lest to see more bull trend, so far this is a short term, if its break 1921 it should go for more deep retracement