Gold on the 4H TF is within its final Wave 5 bullish move, there’s no arguing with that. The only thing to debate is how high can Wave 5 push up before reversing? While it’s possible that Wave 5 has now peaked at $2,942 & ready for a major correction, on the 1H TF I see a small possibly of it creating a new ATH toward $2,954. HIGH RISK...
Congrats to anyone who took the buy last night. Gold prices are now up 200 PIPS in profit since I called it live last night! Wave 5 of Gold is in full effect & on its way towards a new ATH of $2,954🚀
Gold buy now running 450 PIPS in profit. We’re not too far from our TP! Gold has rejected off a strong resistance zone so could possibly reverse early. If it does then I will close out my buy manually & keep you all updated.
Gold’s absolutely rocketing today, so far running 430 PIPS in profit. We’re not too far from our TP! However, I’d like to see some retracement back down towards $2,917 - $2,913 before hitting our TP. There’s a chance that Gold might be creating a complex 5 Sub-Wave (A,B,C,D,E) triangle. If this complex triangle wave shapes up, it’ll give us the opportunity to...
On our last 1H Intraday chart Gold had smashed our target! Right now my bias is; Option 1: Gold pushes higher, taking out the EQH around the $2,940 zone. Will look for a rejection around $2,950 - $2,960. Option 2: Gold rejections the current resistance zone and keeps dropping towards $2,840.
Gold prices have plummeted today, down 460 PIPS so far. Price remains within a range if you look at price on the left, so I'll be keeping an eye to see how market closes & if price will push back up again. If price does push up, I do have a possible buy scenario in play. For now we just let price do its thing & create a structure.
Ever since we closed out our Silver buy position in profit & hit our Wave 5 target, price action has pretty much been in consolidation & not moving anywhere. This is why it's important to close out your trades at the right time, so you're not left holding the bag💰
4H chart has hit our resistance zone & rejected. But, on the smaller TF we're currently seeing a re-distribution schematic play out on Gold ahead of its sell off which means we MIGHT see 1 more new ATH. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat...
Previous U.S. Inflation Rate: 2.9% New U.S. Inflation Rate: 3% U.S inflation rate has rocketed up once again, which comes as no surprise. An excuse they’ll use to keep interest rates high, which effects the everyday person. Part of the game they’re playing📈
Gold has been absolutely crazy since market open last night! With a huge 350 PIPS move up on market open, price crashed back down 600 PIPS overnight. This impulse move down is a strong indication the top for Wave 5 could be in. Time for market structure to form its corrective phase now📉
The Dollar bulls have started this week bullish, alongside Gold. Both markets currently are moving with a positive correlation, which don't happen very often. We are still within our 'Wave 5' bullish move & we expect this move to carry on towards $111.350✈️
Gold has ONCE AGAIN created another new ATH. We seem to be creating a new all-time after all-time high. Option 1: Gold pushes higher towards $2,912 - $2,916 before coming back down. Option 2: Gold correct towards $2,827 before it pushes back up towards $2,916.
ABSOLUTELY BEAUTIFUL move on Gold overnight! Price has pumped up from our supply zone & so far running 370 PIPS in profit. Close to hitting ATH of $2,900🔥 Called this live, so you should all be in this trade & in profit!
🩸China has slapped the U.S. with 10% tariffs on Energy products & automobiles as a retaliation🩸 China’s tariffs on U.S. energy & cars will hurt American exporters by reducing demand & pushing down prices, affecting profitability. Energy producers may struggle with oversupply, while automakers like Tesla and Ford face declining sales in China. The move escalates...
4H chart has hit our resistance zone & rejected. But, on the smaller TF we're currently seeing a re-distribution schematic play out on Gold ahead of its sell off which means we MIGHT see 1 more new ATH. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat...
Remember my ETH short bias from 5 months ago? Despite it pushing up a little, price has remained within the trendlines & bearish channel, keeping its main trend in a 'downtrend'. We are still within a 3 Sub-Wave (A,B,C) corrective channel, with the current bearish move down being Wave C. Wave C target still remains around $786🩸
We're currently seeing a re-distribution schematic play out on Gold ahead of its sell off. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat Correction' channel, which traps in early sellers and late buyers into the market. This is why it is a hard pattern to...
We are currently seeing a re-distribution schematic play out on Gold ahead of its sell off. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat Correction' channel which traps in early sellers and lead buyers. This is why it is a hard pattern to recognise.