sikle

sikle

5th wave seems to be finished as an ending diagonal. We can expect price to fall sharply anytime soon now.

sikle

Update on previous post: As mentioned in previous post, the price moved up finishing B at level 66500 and started to move down afterward. The Price has shown an impulse move down from 66500 to 60000 forming wave 1. Now the price is about to finish wave 2, before making an impulse move down. Ultimate target for the wave C would be around 40000.

sikle

Looks like the price is moving towards B. we can expect the price to fall sharply towards C after tapping into price level of B.

sikle

Looks like wave (ii) has completed at 27.710. we can expect strong bullish candle of wave (iii) anytime soon, if the above count is valid.

sikle

Looks like we are near the end of the long-term bullish move of the dollar index. #DXY

sikle

Triangle is about to complete. I am looking for post triangular thrust to about 97.5 to 98.

sikle

I see gold moving down to form e of a larger degree triangle. Short: 1811 Invalidation / SL: 1830 TP: 1730, 1710

sikle

Impulse move down seems to be finished completing (a) of larger E of a triangle. We can look for short-term long positions with a target of around 1820-1830. Check the link below for the previous analysis.

sikle

Update on the previous post: It looks like a triangle in 4 wave. Either 5-wave impulse (Post triangular thrust) after triangle is complete or final move up is pending. let's observe the market closely to confirm.

sikle

Impulse move up seems to be finished. To move further up, it requires a short-term correction that might end at 50% or 61.8% retracement level.

sikle

Significant Top at 85.39 on oct-25 followed by correction as wxy till Nov-4 with bottom at 78.24. First impulse move up to 84.95 followed by abc correction ( c being ending diagonal ). Now expecting the price to move up as wave 3 after a small pullback

sikle

wave c of 2 seems to be completed at 0.618 retracement level. I see strong bull about to start as 3rd of 3rd anytime soon.

sikle

Preferred: B of corrective ABC move downwards seems to be finished at 78.6% retracement level or about to finish. Let's watch closely.

sikle

Gold may rise to 0.618 level as ABC of (C or Y or B ) before it continues downward to C (as zigzag).

sikle

It seems like it is moving for Z. Break of high (70.59) for invalidation.

sikle

I have a bullish bias in XAUUSD until the invalidation of weekly W2.

sikle

5th of 5th is completed or the final up move is pending. let's watch the market closely.

sikle

4 Hour time frame analysis of XAUUSD.