FX:XAUUSD   Gold / U.S. Dollar
178 16 5
For the grandkids.
Getting very close. Note positive divergence holding on MACD. Need to see a strong impulsive reversal to signal this correction has completed.
snapshot
Reply
this is a masterpiece...... if only it would get it's butt in gear ;o) tx
Reply
Lol, I like your red count!
Reply
@Dll, Still a monster trade coming assuming this year's rally was (A) of cir-A. This correction would be the (B) wave, typically nasty to trade. But the next move *should* be an impulsive (C) of cir-B to approximately the 100% extension of (A)-(B) .
Reply
nick.holland78 PRO nick.holland78
@nick.holland78, I meant (A) of cir-B...
snapshot
Reply
Dll PRO nick.holland78
@nick.holland78, Yes, according to your (C) = (A) assumption. But it could end up with 61.8% of (A) which is about 1,415. Personally, I think this is more likely since it aligns better with technical analysis. Also, GDX is seemingly forming (W)-(X)-(Y) - more like a bear market rally (from this year). Loaded some GDX two days ago but plan to gradually sell and empty all once it reaches 31.
Reply
@Dll, hi.. Could u post that GDX chart? Thanks :)
Reply
Dll PRO webmiztriz
@webmiztriz, Not sure if you can see it.
snapshot
Reply
Dll PRO webmiztriz
@webmiztriz, I'm not sure whether the blue A-B-C should be W-X-Y. For me, (A) really looks like 3 waves.
Reply
@Dll, thanx.. Ive been struggling with that count for months... Does look like A...3waves....
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out