KingReni

KingReni Updated 

XAUUSD Sell Setup: Wave 4 Retracement Expected After Wave 3 Peak at 3032.92 (Elliott Wave + Fibonacci Analysis) Trade Rationale: Wave Structure: Wave 3 has likely completed at 3032.92 (projected via 261.8% Fibonacci extension of Wave 1). Wave 4 is now anticipated as a corrective pullback, typically retracing 23.6%-50% of Wave 3. ...

KingReni Updated 

Gold has been following a long-term Elliott Wave cycle since 1970, and Wave 5 is now in progress! Key Wave Structure: ✅ Wave 1: $35.85 → $875 ✅ Wave 2: $252.1 (Correction) ✅ Wave 3: $1920.94 (Major Bull Run) ✅ Wave 4: $1046.54 (Final Pullback) 🔥 Wave 5: Currently playing out! Potential Wave 5 Price Targets 🎯 Using Fibonacci Extensions from Wave 3 & Wave 4: 📌...

KingReni Updated 

My entry is at 2905 which I will take early because I see 2908 as a proper retest and then another entry at 2921-2923. All eyes on 2880. If that level breaks then a sweet sell will occur It will undoubtedly be a trade of the century Make a lot, take care of your family and loved ones Be blessed

KingReni Updated 

🔍 Pattern: Ascending Triangle 📍 Key Levels: Resistance Level: 2882.29 Lowest Trendline Point: 2834.18 Breakout Price: 2942.69 Pullback Retest Level: 2881.79 📊 Trade Plan: ✅ Long Entry: If price holds above 2881.79 after retesting, target 2990.80 (projected breakout target). ❌ Invalidation: If price falls below 2881.79, reassess the setup or...

KingReni Updated 

Pattern: Classic Head and Shoulders forming a bearish reversal. 📍 Key Levels: Left Shoulder: 2911.78 Head: 2942.69 Right Shoulder: 2929.38 Neckline: Break below 2901.09 confirms downside 📊 Trade Plan: ✅ Short Entry: On a retest of 2918.58 (Fib 61.8% pullback) 🎯 Final TP Target: 2859.49 (Measured move projection) ❌ Invalidation: Above 2930...

KingReni Updated 

Wave 5 Projections Base Calculation (0.618 × Wave 3 Length) Wave 3 Length = 2785.69 - 2596.11 = 189.58 Target: 2730.41 (Wave 4 low) + (189.58 × 0.618) ≈ 2847.56 0.618 × Entire Impulse (Wave 1 to Wave 3) Total Rise (Wave 1 Low to Wave 3 High): 2785.69 - 2584.56 = 201.13 Target: 2730.41 + (201.13 × 0.618) ≈ 2854.67 1.618 × Wave 1...

KingReni Updated 

Overview: XAUUSD has been forming a strong technical pattern, indicating a potential breakout. Based on recent price action and volume analysis, we see an opportunity for a bullish move in the coming sessions. This setup is supported by key technical indicators and favorable market sentiment. Technical Analysis: Trend: XAUUSD is in an uptrend with strong support...

KingReni Updated 

Overview: XAUUSD has been forming a strong technical pattern, indicating a potential breakout. Based on recent price action and volume analysis, we see an opportunity for a bullish move in the coming sessions. This setup is supported by key technical indicators and favorable market sentiment. Technical Analysis: Trend: XAUUSD is in an uptrend with strong support...

KingReni

Overview: XAUUSD has been forming a strong technical pattern, indicating a potential breakdown. Based on recent price action and volume analysis, we see an opportunity for a bearish move in the coming sessions. This setup is supported by key technical indicators and unfavorable market sentiment. Technical Analysis: Trend: XAUUSD is in a downtrend with strong...

KingReni Updated 

Despite the heavy news of losses this weekend, Gold has not lost hope to remit bulls. Trade safe and wisely. All the best

KingReni

This has ebeen the fastest money making week for me and I am glad

KingReni

Gold has seen some bearish activity lately after the release of the FOMC minutes. Today is NFP with the close of the week. My idea is a completion of Sell to 1900 then a buy to 1926 to cmplete the M pattern retest. ShouldGold buy to 1926 the idea is unchanged. We will see to 1900

KingReni Updated 

This is the huge Gold pattern I see on the Daily time frame. It is possible to finish by next month

KingReni

We are channel trading Gold If Gold breaks high and reaches 1851, then price is likely to close at 1877 or 1890 before selling off. Any rejection will see Gold fall to 1800. I am bullish bias for now.

KingReni

We have waitied for this structure formation for a long time. I believe it is time for Gold to reached her intended target before playing dilly dally with people's money. Patience pays out. I am KinG Ren, Calling all Autobots!!! The Market is ripe for the taking

KingReni Updated 

I got my earlier analysis blocked because i shared a link to chat with me We have seen price move in the direction of my previous analysis. However, though we have huge pattern formation, we also have minor pattern formations that need testing. We will use the minor timeframe as a scalp and the huge time frames as Swings. We haven't lost 10 trades this year yet!...

KingReni

We have seen price move in the direction of my previous analysis. However, though we have huge pattern formation, we also have minor pattern formations that need testing. We will use the minor timeframe as a scalp and the huge time frames as Swings. We haven't lost 10 trades this year yet! It is a feather in our cup. I almost violated house rules.....

KingReni

Look Left and then look right Keep your eye on the price and don't loss focus.