rayshen0411

rayshen0411

Gold is ATH and in the range as well. I expect the gold will go down to 2410 which is extreme POI I mark the confirmation level to sell which is mean if the candle close below it at 4H then it's bearish trend for sub-wave 2, you can use LTF to make your confirmation.

rayshen0411

Gold is running well and formed the wave 1 at the final wave 5 We expect the price to make the correction of ABC to the downside deeply.

rayshen0411 Updated 

We are currently at the Wave 3 of finaly sub-wave 5 possibly. Watch out to push more ATH again.

rayshen0411 Updated 

Gold in the higher time frame still bullish, but it may start to have a correction wave of abc of wave 2

rayshen0411 Updated 

Gold has complete the wave 1 formed the ending wedge in the sub-wave 5 Let's catch the wave 2 if the ending wedge is break

rayshen0411

Gold is going to have a complex wxy correction of wave 4 in higher timeframe. and we're trying to catch buying sub-wave (b) of wave Y till around 2373 my personal entry at the 2302, for elliott wave followers entry is 2307 the potential 2nd entry is near IFVG, fibs 0.5 level.

rayshen0411

I suppose that the wave C target is around 2384 to 2400 zone, it's a good opportunity to sell gold, but if breaks the wave 3 high, the wave abc will become wave 4, but it's fine, we catched the buy trades and hold. Elliott wave sign mark it doesn't matter, but it will help you to understand the trend.

rayshen0411 Updated 

As previous analysis, we sell from the top and add multiple positions, let's wait for wave A of sub-wave 5 completed, then catch the next bullish wave B of abc correction This wave A we've catched around 10000 pips from the top to current price with multiple positions, you can check my previous free analysis This analysis is my current insight!

rayshen0411 Updated 

In the subwave, we're in the wave 4 , but this wave may not completed because it may goes down to the 2396 level of abc correction OR break the red line(if break, then completed) the sub-wave (5) of wave "C" of wave 3 target may target to 2473 to 2484. It's sideway now, and has a potential descending triangle pattern, let's wait and trade!

rayshen0411 Updated 

After analyzing the recent price behavior of gold, it appears that it may have completed wave 3 of a diagonal pattern in a zigzag form. This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B. The analysis shows that this pattern indicates pressure on prices that could lead to a decline...

rayshen0411 Updated 

We have an entry on the top already and holding serveral days. Now we may have another opportunity to have another entry at the sub-wave 4 for short tern Let's observe it.

rayshen0411

In the higher timefram, it's in the weekly timeframe correction move of wave B and now we can expect the price in the sub-wave 4 to push higher toward sub-wave 5

rayshen0411 Updated 

The gold is a strong bullish trend of wave C, the first target 2340 is reach, but never found the reverse patterns or signals so far, and we've hold this position over 57 days, gain 3500 pips The next target will be 2550!

rayshen0411 Updated 

Well, yesterday was FOMC, and we got the nice 670 pips profit and enter from the botom of 2155 level. The Gold currently formed wave 3 in Higher TimeFrame, we can expect the wave 4 of ABC is coming. Don't miss this chance and get the confirmation in the lower time frame

rayshen0411 Updated 

Indicates the end of a corrective wave, which took the form of a double zigzag pattern. It seems that the pair has started to form a new bullish wave, represented by the wave 3 and 5. 💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave 4. This pattern should take a different form than a triangle. ✨If...

rayshen0411 Updated 

Indicates the potential leading diagonal of wave (1/A), which took the form of a raising wedge pattern. It seems that the pair has started to form a new bearish wave, represented by the wave (2/B). 💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave (2/B). This pattern should take a different form than a...

rayshen0411

In the higher time frame, it formed triangle pattern completely match to the sub-wave e point is wave B, let's catch final wave C!

rayshen0411 Updated 

Today is a BIG news comming, around 5 hours left is going to release CPI news and as you can see, it has a correction move, I suppose that the price will push higher, then go down to completed the sub-wave 3, it's good opportunity to catch it with smaller risk.