XAUUSD. Elliott wave concept which is based on fractal "nature repeating pattern" theory. AND pattern "need our bared" eye "staring at screen".. Zooming in until " the tiniest spot". So..So,, We have better, bigger "vision" on Bigger Time Frame Chart! E.g yearly, Monthly Chart! As we have limitation to "Zooming" into 1hours or even1 minute chert with our "bared...
XAUUSD. By checking its z-factor (speed of chart) there is a hidden big triangle on gold chart with wave C (yellow) already end in "short-lived" relatively to wave A (yellow).
XAUUSD's 2000 is confluence zone of 1) Major Trend line 2) Order Block 3) Breaker Block.
XAUUSD's wave 3 (yellow) probably reached. P/s it's suggested to "Long Only" as we only knew the "finite" swing low but not the "infinite" swing high on "any uptrend" and vice versa.
It's better to wait for technology index to drop @ 38 +/- ONLY consider to buy your Malaysia Favourite stoks e.g : Inari, DNEX etc..
SP500 will break All Time High ( 4820.40) ?! by 2024? ..((FED'S BARKIN: TALKING ABOUT RATE CUTS IS PREMATURE.)). Let see what "geometry and of price" told us in next 2,3 months ahead.
XAUUSD We are still in wave 3 (yellow) where its price probably end at 2060 +/-.
Dollar Index aka DXY currently on wave III (blue) before a pullback toward wave IV (blue) before final leg down on wave V (blue) @ 102 +/-.
Tesla still completing wave c (green Circled) at 250+/- which is last leg of running flat pattern in wave B (yellow circled), before a "crash" of 26.8 % toward 183 +/-
AAPL probably just completed wave B ( Red Circled) which is an expanding flat (A)(B)(C) (Blue). So probably a -20.02% "crash" toward 148 +/-
JTIASA, which business involved mostly on palm oil, just completed wave 2 ( Red Circled ) as a base for rally.
Plantation index of Malaysia where majority of its components stocks are listed Palm Oils related Companys.
XAUUSD Asia Monday breakout which formed order block /breaker block at 2004 +/- as good zone for long toward 2040 +/-
XAUUSD. Beware of major reversal when its price getting tightened toward major resistance/ liquidity zone @ 2065 +/- as its price probably forming an ending diagonal pattern /structure.
Gold. we are at muti year triangle = sideway now, this triangle probably only completed by 2025 as we are still at wave (c)(blue) of the triangle on monthly chart ( pls refer to zoom in pic). P/s. 99.9% of Elliotticians ( traders who practise elliott wave ) hardly achieved consistent waves counts as 99.9 following "textbook" written rules that 1,3,5 impulsive...
Gold / XAUUSD (future) as an "touchable asset" for "ancient mankind" to "accumulate" wealth VS "equities market" an "virtual asset" for "modern mankind" to "accumulate" wealth. As US SP500 index = benchmark / gauge for where is the "richest men on earth wealth's "performance". One should understand and "read" where "the modern capitalisms" run without "bias" due...
XAUUSD, by checking its internal Z-factor (speed) GOLD is probably forming a bullish triangle, currently its price is moving down toward wave e (green circled) of triangle... Hence gold's price probably will reach 2065 +/- by mid of December.
XAUUD's 1958 +/- is confluence zone of 1) Breaker Block 2) Order Block 3) Median line of Pitchfork.