M pattern analysis

FX:XAUUSD   Gold Spot / U.S. Dollar
1474 7 38
Shape M. In Elliott and Hurst is confirmed.
And also.Shape M is basis on bat pattern .
Gold             is now in the middle of M.
And soon there will be a strong upward correction.
Of course, like McDonald's logo
This is some wizardry.
I have to agree with BlackPirate comment's a work of art and I'm sure there is a serious side to it........not that I totally understand the significance of the curvy waves but I assume your bias is bullish. Thanks for sharing.
man your charts always puts smile on my face , very well done :)))
yeah , i'm bullish on gold too but the market keeps trying to push the price down both gold , silver and many other commodities. maybe it will be a flat move for a long time .
i think trading these on FX market with leverage is extremely dangerous and shakes the balance if you open position at wrong price , non-leveraged or physical buy is always the safest way. that's just me of course ;)
Not break 1200 next 5 month :)
+1 Reply
Hi dear professor Mr ZarNegar ,very good work and fantastic analyses like always.
Great analysis, Thank you Zar for sharing :)
as usual good one Zar Thanks. if C holds then i m expecting this one to complete but the current force is towards south , there maybe a shakeout soon b4 the move up
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