in the last post i had 1218.18 as next lower target specified and as potential support 1212.49 ... both were achieved.
now i have only one condition for this scenario: no break and close below 1205 (daily/weekly) before the 4 is formed.
*** for long targets are = blue levels ... but in general i would define two major upper targets for the wave 4 as top targets: 1. Tenkan (then falling) 2. Kijun, then falling to form the 5
*** break and close below 1205 leads to the red lines (as TP for deeper 5)
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post Jul 18
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for rising gold prices speaks the green cloud on monthly chart... remember the thick blue line @ 1239.5 ... from there onwards gold is bullish!!!!
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here are 2 alternatives (Oanda): 1. bearish scenario 2. Big Pic - my post from May 30th
Hey guys, today (8 hours ago) i posted here the link for a bearish scenario and with a click on it you could see the gold chart but now i discovered that as soon as i save another chart and you click on the link you will not see that gold chart anymore but always the last saved chart I worked on. I did not know that this could happen.
I have a question for you: has someone possibly saved the chart? I do not have it anymore ... before I turned off the PC today, I saved the chart but ... in the evening I saw that it was not saved ... so I lost it ... should someone this chart have seen and saved, please post it. thank you in advance.
And another question: does anyone know how I can delete the link? There is no point in seeing a different underlying here in the Gold Thread and seeing my last saved chart every time.
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i'm already long but i'll add @ 1219.97
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buy limit @ 1219.97 aktivated now SL @ BE For more strength, H3 must break over the first green line (at the second green I take partial profit)
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1231.30 done (some profit also done) today partial profit @1235.8 on this or similar way but next maintarget @ 1253.57 = A/1 (or 1241.35 + 1244.03 as i posted in the main chart above)
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just do not lose sight of this alternative... it does not have to be the case but it would be possible to clone the boxes from top to bottom and next week could generate a new (august?) low, october the year low, then finally bullish.
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we are now right there
long in...
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if this week goes a bit deeper, then second position long buy limit @ 1207.25 SL @ 1994 1. TP 1253/57 2nd TP 1300
and maybe third pos. @ 1201
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1207.25 activated daily / weekly close under 1195 very negative ... then the red lines would be the targets
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second long 1207,25 now SL @ BE i think gold will not come to this BE level... for a while
everyday, i waiting for your update, thanks for your analysis, and best wishes
NeverNO
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@YIQI,
hi, for an update I waited until gold comes exactly in this zone ... I do not like it so much how the daily chart looks like but I'm curious what happens until tomorrow evening ... next week should actually gold, audusd, nzdusd, gbpusd and eurusd rise... if not... hmmm...
YIQI
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@NeverNO, Base on recent information from US, economic data is very very good, so, NFP data may be is good for dollar, i thought maybe gbpusd, audusd, nzdusd, will show a new lower point, in china, next week, tuesday, it's beginning of autumn day, so, someone think, it's a day that we expect a rally day
YIQI
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@NeverNO, in my opinion, there is no favorable information about eurusd or gold, so, I don't know how to understand the market now, i'm so nervous...
zuzong
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I like your analysis very much. I am a Chinese, your analysis is slightly deeper, some do not understand, learn from you.
NeverNO
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@zuzong,
hi,
thank you for your comment
learning is always good ... we all do that :-)