Base on the diagram Gold will go side way (1805- 1875) due to world Economy crisis. This is due to Major inflation happen thru out all country. You will see volatility in gold with so many confusion candle. Hence, there is no major move on gold.
Hello traders, Gold in daily time frame an a new update. I BEING USING THIS ANALYSIS SINCE EARLY 2021 Gold is currently completed wave no 4 and ON the final wave 5 In this wave, 4 it has hastened to 78% fibo 2 times the size of retracement wave 2. This has drag the candle out from the trendlinE and manage to do correction as rejection. According to the wave...
Hello traders, Gold in daily time frame an a new update. Gold is currently completed wave no 4 and start the final wave 5 In this wave, 4 it has hastened to 78% fibo 2 times the size of retracement wave 2. This has drag the candle out from the trendlinE and manage to do correction as rejection. According to the wave structure, the marking on the price is the fibo...
Good Afternoon Traders Learning EW is not easy.. You have to combined it with Fibo retracement & time. From the chart you can see Gbp have complete the wave and having a Correction for more than 3 month. The correction on the chart push the GBP/USD to continue Uptrend.. form the pair u can see the direction of the green and orange. The green EW has fail to follow...
Hi traders, This is my analysis on AUD/JPY. 2 situation will occur on chart. The candle has reach to the resistance trend line and bounce back last Friday. According to EW, the last impulse wave 5 are looking for it end momentum divergence. Fib indicate has reach to 61.8% (Ways no.2). -If the candle keep climbing. it will reach a new point of wave 5 which is...
The red line is a trend line. ( Top is the resistance & 3 line below is a support trend line) The white line is a Strong support line. Orange is a direction. DXY will go Long to a target 91.100 Indicator Aroon Orange line show Long or bullish Red line Show Short or bearish. (Observe the %) Hence, the chart will move uptrend /Long /Bullish
THIS IS IMPORTENT!!! GBP/USD HAS RETURN TO SUPPORT ZONE AFTER FAKE BREAK OUT Yesterday news push the price back to trend line (3 RED LINE). The green zone is a STRONG SUPPORT ZONE for the TRAND LINE. The White line is the updated line Resistance = 1.36988 Support 1 = 1.36677 Support 2 = 1.36404 If the price break the resistance ( white line ) it will go...
DXY is at the top of trend line can it break ?