Once price retraces below 1800 again, on 45min chart watch Net Volume for 3k and BUY GOLD once it hits. We are likely to go above 2k on daily chart analysis
Wave 2 is good to wait for and buy
Any daily reversal candle around 1810 will be a good BUY. I will prefer to see a third MACD divergence on daily TF around this price. TP should be around 2200/2300
120xx and 152xx are good buy and sell respectively. Look for RSI divergence and reversal candles for good entries.
Kindly Zoom for the wave count. I am sharing this method that could potentially be a good mechanical strategy. There are three layers (major/sub-major/minor). I follow the pink trendline from the major layer to determine the market direction but wait for retracement to the fib bands on sub-major and minor layers. Its good to combine with RSI divergence and EW...
The most horrible chart of the day...zoom and enjoy
DXY strenght depends on Oil direction. Gold is having a lot of fans and its getting many support levels but it best to see 1800 before major BUY.
Remember MM while trading. Wave 1 and 2 are good spots to spread the risk.
B wave forming as WXYXZ. Okay to scalp buy at end of wave ii withing the zig zag.
Looking for rebound in oil to sell before Sept 17. The sell off in oil is giving dxy the power to pull commodities and currencies. I hope there is a rebound before we go down again.
Wave 4 is and ABC; SELL @1950 for 1820. AND BUY 1815 for wave 5. See wave count and targets in the chart
Wave 4 is XYZ for SIlver Sell 27.4; Buy 24.2. Look at the XYZ/WXYXZ patterns in Elliot wave to understand what could happend within this wave.
Maybe we would have a triangle ABC for wave 4
Sell @ 2028 if c of B or 2012 if count is 4 TP1 1965 TP2 1865 TP3 1800 TP4 1750 The bullish background is making me think we may have ABC scenario too and we may reach 2028/2030. But wave 4 should end at 2012.