Wave 5th might take a move. shorting would be appropriate for the short term. Are upside big moves still pending?
It seems that gold has finished an downward impulse wave and is currently undergoing a corrective phase, as per my preferred wave count analysis. My outlook on gold remains bearish, anticipating either a continuation of wave 3 or wave b correction. It seems we are currently in wave c of wave 2 of B. If the price of #XAUUSD encounters resistance at a specific...
Bears will never be able to take control until and unless market is in the bulls territory. We can see that bulls territory are as strong as it have to inside its territory. Once the sellers push the market out of its territory. are we able to see some good pull back?
We may see one may see rise before falling for wave (z).
Crypto corrections are crazy, they are very quick and dip. BTC might fall for one more move if not we can see aggressive rise of minor degree 3rd wave above the channel. what is your anticipation?
correction might end anytime soon and we can see one more high in xauusd before any dip correction.
#GOLD #COMMODITY Gold has completed the wave 3 and is falling for wave 4 around fibo retracement 0.382 to 0.5. below fibo retracement 0.5 its more likely wave 2. Can we see one more high for wave 5 in GOLD?
We can see head and shoulder pattern breakout in a beautiful way after the spike of the price. Do you think it would be a good short?
We might see some pullback in gold and one more high is anticipated for the 5th of A or 1. 2024 is the year of gold.
The correction of wave 4 is willing to be revealed. Though there are certain Invalidation level, Below 0.5 Fibo retracement is less likely to be wave 4. When analyzing wave corrections, Fibonacci retracement levels are commonly used to identify potential support or resistance levels. The 0.5 Fibonacci retracement level is often considered a critical point, as...
short? PULL BACK is so close. Final 5th wave of 3rd might be still pending, still not sure about the move. if not the final 5th of the 3rd. we can see some consolidation for the 4th wave.
We might see some consolidation of wave four and then one final wave for the correction.
As we can see the completion of 5 impulse waves retracement around fibo 0.5 to 0.618 is expected for wave b or wave 2.
-We may see a fall towards fibo 1 or even lower. - More confirmation below the apex of triangle. guidelines of flat. Wave B usually retraces between 100 and 138 percent of wave A. Wave C is usually between 100 and 165 percent as long as wave A. Wave C usually ends beyond the end of wave A.
we can see clear wave 5 in wave A and and another triangle in wave B. A=C can take the prices as lower and the fibo. Can see the good opportunity while shorting the gold.
triangle thrust are scary and beautiful at the same time