m0bh4y4t

m0bh4y4t

I wanted to share my latest analysis on XAU/USD based on recent price action and wave structure. Weekly Timeframe: The overall trend remains bullish, starting from the lows of 1600. This marks the beginning of Cycle Wave 3. We completed Primary Waves 1, 2, and 3 at the all-time high (ATH) and are now in a corrective Primary Wave 4 phase. Daily Timeframe: It...

m0bh4y4t

after nice drop from recent highs, can we expect more downside

m0bh4y4t

Currently in intermediate wave 5 of larger primary wave 5 looking to end around the 160

m0bh4y4t

In the weekly chart - 5 wave move up finished at 114.705. So looks like we are in some sort of corrective wave (w) (x) (y), by my calculations (w) still in play as the (red) a b are completed meaning we could be going into (red) c final leg down to complete wave (w) Anyhow - in the more near term - 1H is indicating to more upside too complete the...

m0bh4y4t

Nice clean moves on gold yesterday - Minor (green) 1&2 looks to completed Minuett (orange) wave moving into wave 5 to complet Minor wave 3 P.S Elliot waves are subjective all depends on where your wave count starts

m0bh4y4t

After a nice rejection from 2040-42 levels yesterday XAU wnet on to test 2030-25 levels finding short term support with US GDP data expected to come in 0.2% lower than expected so if GDP does print 3.1% XAU will find the impulse trigger buys to go and test 2040 levels once again trade safe

m0bh4y4t

After an impulsive wave down from 2030 on the release of HOT CPI data XAUUSD has completed a primary wave 3 and now seems to be in the early stages of Primary wave 4 safe sell zones will be on the break of today's lows and safe buys above 1993-94

m0bh4y4t

Gold had a nice Rejection from 2028-30 zone and finally Breaking 2020 support and gold went and found nice support around 2012-10 Asian and London session's has traded higher to go and test 2020-30. so will NYSE go and BREAK yesterdays lows?? best RR will be to sell from 2028-26 safest place to sell will be at the break of yesterdays lows the bullish scenario...

m0bh4y4t

on the 30min time-frame gold looks to holding 2020-18 level time to for a leg up to encourage the sellers back into the market to break 2020 and test 2015

m0bh4y4t

Higher degree signals we are in PRIMARY wave 2 as Primary wave 1 completed its 5 leg up from 09/2022 on the hourly from where primary wave 1 finished (188.55) we can see 5 wave down which ended in a leading diagonal for a intermediate wave A then up to retest the top to complete the intermediate wave B and now we are in the early stages of intermediate wave C...

m0bh4y4t

very choppy price action after a very impulsive move down from 2044 to 2019 price had been in correction phase trade with the waves down to 2027-25 zone then up too 2040 to finish the cycle and ready for next weeks drop to attack 2000

m0bh4y4t

if gold stays above 2032 and makes a nice impulse towards 2038 look for buys set ups DXY is in a minor pullback keep an eye on both

m0bh4y4t

if gold stays below 2028 look for gold rejection between 2025-22 SL below the recent swing low

m0bh4y4t

gold seems to collecting buy orders on a short term looking for gold buys to go and fill the imbalance

m0bh4y4t

-Leveraging gold's foundational support amid rising Middle East tensions under Biden's administration. - Anticipating an upward movement in gold prices, as it resisted breaking last week's lows, this cold influence Non-Farm Payrolls (NFP) and Federal Open Market Committee (FOMC). - The USD (DXY) at the beginning of the week exhibits signs of fatigue, adding to...

m0bh4y4t

Goldilocks - still stuck in a sideways movement, stay focused got a lot of landmines in the form of US red folder news this week

m0bh4y4t

very low volume at the moment stay adaptive and don't get caught in sideways movement

m0bh4y4t

higher time frame still showing signs of more correction waiting to happen. US data late today can trigger the sell off