anilmangal
Long

GOLD the POWER OF WAVE ANALYSIS

FX:XAUUSD   Gold/U.S. Dollar
7343 39 161
Hello Traders as see in the chart pinned here the down move was an ending diagonal which broke to the up side as it does 90% of the time . Now we wait for a corrective structure to confirm the start of an up trend.
Remember just drawing lines on a chart has NO meaning !! It is not about the lines you put , it'a all about the STRUCTURE!! So drawing lines without understanding what structure you are looking for is as good as driving but not knowing where you are going!

Trade with care.
Thank you for your support.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Training : add to skype mangal457
Bandarsq PRO
a year ago
I guess you expect a Pennant Pattern to form here. Thank you for your post.
Reply
Bandarsq PRO Bandarsq
a year ago
Something to share. I'm waiting for the down trend to break.
Reply
Bandarsq PRO Bandarsq
a year ago
chart.
+1 Reply
Bandarsq PRO Bandarsq
a year ago
for some reason I can't share my chart.
+1 Reply
Bandarsq PRO Bandarsq
a year ago
chart.
snapshot
+3 Reply
anilmangal TOP Bandarsq
a year ago
Thank you for sharing but that is not how I would put the trend.
+1 Reply
Bandarsq PRO anilmangal
a year ago
I test the validity of any trend by checking if it could form a channel
snapshot
Reply
anilmangal TOP Bandarsq
a year ago
Thanks again for sharing , but just putting a line on a chart to test it's validity is not how I analyze the charts, since by that logic you can put ans many line as you feel pleases to do and hope that one of them works, in which case it becomes guessing and not analysis. For me the lines are showing a defined pattern that has a 90% probability of going in ONE DIRECTION ONLY!!! If it does that then I can trust my analysis every time I see the same pattern.
+5 Reply
anilmangal TOP anilmangal
a year ago
** feel pleased**
+1 Reply
anilmangal TOP anilmangal
a year ago
**put as many**
Reply
Vostiothenjo anilmangal
a year ago
Another TROLL....
Reply
Bandarsq PRO anilmangal
11 months ago
I don't think you understood my last comment. I said you check the validity of a trend by trying to see if it could form a channel as I did in the last chart I shared. It looks a valid channel for me. what do you think?
Reply
anilmangal TOP Bandarsq
11 months ago
I am not disagreeing, with your analysis, you have a right to do it as you feel.I am just saying it's not how I do it.
+2 Reply
youcef4787
a year ago
thanks
Reply
BaluKR
a year ago
thank you sir for letting us know the power of wave structure.I have learned a lot recently by your webinars,charts.
+1 Reply
moneymaking
a year ago
Hey anil, just a quick clarification. If the market comes back into the ending diagonal pattern, will that be considered a false breakout in the pattern?
+1 Reply
anilmangal TOP moneymaking
a year ago
There is nothing like "false breakout", if the price went there it is true. An up move does not means the start of a trend , if read carefully I said I need a corrective structure to confirm the start of an up trend.
+3 Reply
moneymaking anilmangal
11 months ago
Alright, great. Thank you for the feedback, appreciate it. All the BEST :)
Reply
GoodLuckbabe anilmangal
11 months ago
i am agree with you sir its only become clear when correction gonna end
Reply
huge move up, hope to enter on a pull back
+1 Reply
bekirdur PRO
a year ago
the expected is playing out. great chart...
+1 Reply
AldreyMor
11 months ago
Buying gold is probably the worst decision someone could make right now...
Reply
GoodLuckbabe
11 months ago
COMPLEX TRIPLE 3 CORRECTION
i am sorry for old post but i think we are still in descending channel and we may see move down again i think we did not break the channel yet and i will wait for the price action on that channel trend line to go short for targeting lower lows obviously we have sharp impulse but it is not convincing me to go long on it after correction as it can extend itself because we are in descending channel thanks for sharing regards
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GoodLuckbabe GoodLuckbabe
11 months ago
absolutely we may differ on waves count
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chartwatchers PRO GoodLuckbabe
11 months ago
Sorry but this chart is useless....
Every possible down trendline is broken.
The bear market is over in gold....
Timewise next week we are heading down to the daily cycle low. Going down to 1150 in 4-5 days will be scary and fast enough to get every bear very bearish, and kick off all the late bulls who entered in this breakout above 1200 .
And then can come the second leg up above 1300...
+2 Reply
chartwatchers PRO chartwatchers
11 months ago
GOLD
+1 Reply
chartwatchers PRO chartwatchers
11 months ago
I meant imranafzalmughal4's old chart. The price was 1263 on Friday..
+1 Reply
GoodLuckbabe chartwatchers
11 months ago
price has broken your drawn trend lines not my one and every trend line does not mean price must stay on your trend lines or bounce back from your trend lines because market does not respect any trend lines these trend lines are just tools for traders to understand market moves so you can draw trend line where ever you want
Reply
GoodLuckbabe chartwatchers
11 months ago
yes you are wright and i know this chart is useless because there is no further signals and where market gonna head its gonna become clear when correction ends need to see how correction forms and if you post chart then its gonna help more rather than just saying in words thanks for commenting
Reply
Great view, I got the same
BULL ON GOLD! WEDGE
Reply
ulisestrader
11 months ago
Thanks Anil! I have seen your videos, very very smart vision and deep understanding of how really moves the market, thanks a lot
+1 Reply
anilmangal TOP ulisestrader
11 months ago
Thank you, always glad to help.
Reply
setups ulisestrader
11 months ago
please, can I know where did you watch his videos, I really need to learn
Reply
anilmangal TOP setups
11 months ago
http://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Stirners
11 months ago
I have a question for you Anil, What numbers do you use in MACD?
Reply
BaluKR
11 months ago
sir
i have learned many things from your charts,differences types of corrections and so many.
please keep sharing your view.
thank you.
snapshot
Reply
in 2001 Gold retraced this type of move all the way back to its 50MA... be careful here...we are very overbought and seasonality is not supportive until june/july
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JigneshRathod
11 months ago
Gold down a lot today. Almost $45 to 1194. Will wait for 1175 and then will start lit position here. you think it can go below that level?
Reply
m4riovolp3 PRO
11 months ago
GOLD LONG DAILY CHART


down to 1170/60 area
Reply
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